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Prices for European PVC in Turkey trading close to par with local prices in Italy

by ChemOrbis Editorial Team -
  • 21/04/2016 (09:14)
According to data from ChemOrbis Price Index, import PVC prices for European origins in Turkey are currently trading close to par with local PVC prices in the Italian market, with the premium for local PVC prices in Italy shrinking to the lowest levels seen since May of 2015. After hitting a yearly low point in early February, European import PVC prices in Turkey have risen by more than $230/ton while local PVC prices in Italy have increased only around $50/ton over the same period.

Players inside Turkey cited persistently tight supplies for European origins as one of the main factors pushing prices higher. “We are not receiving any offers from our European suppliers and one of our suppliers informed that they will not have any export allocations to Turkey until June,” a profile manufacturer reported. Another converter commented, “Our European suppliers claim that their supplies to Turkey are short due to production issues as well as strong demand within Europe.” A distributor offering West European materials in Turkey’s local market added, “We raised our prices for European origins even though demand is not all that promising in Turkey. Availability for prompt European cargoes is tightening as there are not many import cargoes coming in these days.”
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