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US PVC offers emerge in Italy

by ChemOrbis Editorial Team - content@chemorbis.com
  • 18/03/2015 (12:21)
American PVC cargoes showed up in Italy’s import market this week following reports of subdued buying interest for this origin in Turkey. However, US PVC also failed to generate demand in Italy given the presence of more competitive prices in the local market in addition to lower priced Mexican imports.

US PVC k70 for April delivery was offered in the range of €950-960/ton on a DDP Italy, including 6.5% customs duty, 60 days deferred payment basis. This level is well above the high-end of the local k70 range at €800/ton FD as well as March deals for Mexican cargoes for late April delivery which were quoted at €730-740/ton DDP, 60 days for k64-65 and k70.

When adjusted to a CIF basis, import US PVC offers to Italy come to $900-910/ton, which are almost at par with the latest prices in Turkey which, were quoted in the range of $890-920/ton for k67.
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