Import PVC prices in Türkiye hit multi-month highs on Asian momentum

Türkiye’s PVC market extended its upward trajectory into the second half of February, with import prices climbing back to multi-month highs amid fresh global cues from Asia and continued firmness from US suppliers. A notable March hike announcement from a major Taiwanese producer reinforced bullish sentiment, prompting sellers to lift offers further.

Although buyers placed lower bids, citing easing freight rates and the approaching Lunar New Year lull in China, limited locally-held offers and rising import benchmarks kept the market on an upward path.

Following the latest round of increases, duty-free PVC prices on a CIF Türkiye basis returned to October 2025 levels, while dutiable cargo averages reached their highest point since June 2025.

US and Asian cues push dutiable prices up further

Dutiable K67 prices rose by another $10–15/ton on the week, shaped largely by US and Chinese offers. Earlier in the week, several US deals were confirmed at $695–700/ton CIF before these levels quickly disappeared following a fresh hike from a major American producer. The supplier’s initial price was reported at $740/ton on 180-day deferred terms, signaling a sharp upward revision in expectations even though negotiations were still ongoing. Market participants widely linked this firmer US stance to the Taiwanese major’s bullish pricing in Asia, which raised global reference points and encouraged sellers to test higher levels in Türkiye.



Duty-free segment climbs back to October levels

In the non-dutiable market, K67 assessments climbed by $10–20/ton on the week, with more prices moving above the 750/ton CIF Türkiye mark, bringing the weekly average prices back to levels last seen in October 2025. European and South Korean offers were reported at the upper end of the range, although no deals were confirmed at these new highs.

Buyers placed lower bids and awaited feedback, signaling growing resistance as prices rose. At the same time, the absence of Mexican PVC due to scheduled maintenance and the lack of Egyptian offers reduced competitive pressure, allowing European sellers to push for higher numbers despite subdued demand conditions in their home markets.

Limited local offers amplifies import impact

Rising import costs quickly filtered into the domestic market, where local PVC prices increased by $15–20/ton week over week, depending on the grade. Distributors were holding back lower-cost stocks, according to buyers, resulting in a visible scarcity of locally held K67 offers. This limited spot availability amplified the impact of higher import offers and supported sellers’ confidence that at least part of their targeted hikes could be realized in deals.

Demand supportive, but resistance builds at higher levels

Unlike the hesitant demand picture seen late last year, PVC consumption in February showed relative improvement as domestic derivative markets recovered. This provided a degree of support to resin prices even as buyers complained about the pace of increases. Some players expect the approaching Ramadan period to slow purchasing activity, while buyers hope for smaller hikes from China after the Lunar New Year break amid easing freight rates.

For now, however, firm global benchmarks, limited supply from certain origins, and cautious distributor behavior have outweighed buyer resistance. Market participants noted that upcoming Qatari and Russian offers may be closely evaluated, as current import levels are testing converters’ margins.