Skip to content

Filter Options
Text :
Search Criteria :
Territory/Country :
Product Group/Product :
News Type :
My Favorites:
 

US PVC sell ideas emerge above $1000 in Turkey on rising costs, lack of offers

by ChemOrbis Editorial Team - content@chemorbis.com
  • 08/09/2017 (11:30)
Turkey’s import PVC market has made a strong start to the week right after the long Eid holiday amidst a lack of new offers from US suppliers. Hurricane Harvey was followed by severe capacity shutdowns in the Gulf Coast of the US with three PVC producers declaring force majeure on their output earlier in September. Spot ethylene costs in the US also rose amidst many shut crackers and rising supply concerns.

Consequently, traders in Turkey reported that they were not able to receive any fresh offers from their American suppliers this week although indications are pointing to imminent increases. “Considering that export offers from the US notionally surfaced at $950/ton FAS Houston recently, we believe that we will not be able to obtain any prices below the $1000/ton threshold for k67 in the coming days,” a reseller commented. Some traders already reported hearing US PVC k67 prices at around $1010-1020/ton CIF Turkey, subject to 6.5% customs and 18.81% ADD, cash towards the end of this week, meanwhile.

Regarding the initial response of Turkish buyers to the lack of US sources, a profile converter confirmed the bullish trend in the post-holiday period. “The lack of American PVC prices paved the way for higher PVC offers from European producers. We expect the market to remain firm as China is also on a firming trend. However, we plan to wait until we hear US prices as we have sufficient stocks until later in September. We hear that US companies are in an effort to resume their ethylene and PVC production following the disaster in end August.”
Free Trial
Member Login