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West European PVC exports competitive in Turkey, India

by ChemOrbis Editorial Team -
  • 21/10/2015 (16:58)
Players in India and Turkey report that West European PVC is being offered at competitive prices this week, forming the low end of the price range in both regions. Offers for West European PVC k67-68 are currently standing at $830-840/ton CIF India, cash and at $780-810/ton to Turkey with the same terms.

The European PVC market has been on a softening trend for a while due to slower demand and comfortable supply levels. Nearing the end of October, decreases of around €20-40/ton are passing on PVC deals.

Players expect the bearish trend to remain in place for another month in November as spot ethylene prices also declined €25-30/ton ($28-34/ton) week over week to be currently reported at around €740-745/ton FD NWE ($840-846/ton), the lowest levels since early February, according to weekly average prices on ChemOrbis Price Wizard.
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