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Saudi Arabian PVC finds its way to Turkey

by ChemOrbis Editorial Team - content@chemorbis.com
  • 12/07/2017 (16:00)
In Turkey, players reported receiving PVC k67 offers from a Saudi Arabian major in July at $920-925/ton CIF Turkey, subject to 6.5% customs duty, cash. However, the initial offers have been trimmed to $900/ton amidst generally muted post-holiday activity and more competitive prices for other dutiable k67 offers for South American cargos at $880/ton with the same terms.

“We heard counter bids at $880/ton from converters while no done deals have been reported so far for Saudi origin,” claimed traders. A player attributed the recent emergence of Saudi Arabian prices to Turkey to the possibility that the supplier may have not been able to sell to Qatar and directed its cargos to Turkey instead.

According to the data from ChemOrbis Statistics, Turkey imported just around 1000 tons of PVC from Saudi Arabia throughout 2016, which formed a minor market share of around 2‰ in Turkey’s overall PVC imports.
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