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US PVC prices ease down in Turkey, Egypt

by ChemOrbis Editorial Team - content@chemorbis.com
  • 29/12/2016 (09:34)
Overall demand for PVC displayed a weak performance in global markets during the last working week of the year. European and American markets were at a standstill as players stepped out to celebrate Christmas Holidays, while the bearish trend in Asia persisted for another week. Thereby, American k67 offers eased down in Turkey and Egypt when compared to last week.

In Turkey, American PVC k67 prices were pegged at $860-880/ton CIF, subject to 6.5% customs duty and 18.81% ADD, cash equivalent, $5-20/ton below last week. A buyer commented, “We felt that US prices were not as strong as before.” A trader, meanwhile, said, “US PVC makers are also set for a firm start to 2017 based upon the higher energy complex.” Higher spot ethylene prices in the US supported this view, as they were up by around $16/ton (0.75 cent/lb) on the week.

Similarly, import US PVC offers were down for the second week in a row and posted a decline of $5-20/ton from last week in Egypt. Import PVC offers were pegged at $870-900/ton CIF Egypt, 180 days deferred payment, around $845-874/ton on cash equivalent basis. Players blamed slow market activity in the US due to the year-end for suppliers’ price decreases on their export offers.
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