Türkiye’s PVC market faces tangible price hikes after a long hiatus

PVC price hikes in Türkiye have escalated as February wore on, with this week’s latest round of hikes pushing K67 levels to multi-month highs. Since the start of 2026, dutiable K67 has gained a cumulative $85/ton, while duty-free material has risen by $65/ton, reflecting tightening supply and firm seller stances. Although buyers have attempted to resist the pace of increases, the bullish scene stimulated buying interest.

Reduced US availability and resilient European offers have kept the upward pressure intact, driving duty-free K67 close to the $800/ton CIF threshold.

Reduced US output propels prices 13% higher since 2026 begins

Dutiable K67 rose by a further $20/ton on the week to be assessed $720–740/ton CIF Türkiye, cash, reaching its highest level since March 2025 according to weekly averages obtained from ChemOrbis Price Wizard. Market participants reported that no new US shipments were available below $720/ton CIF, as turnarounds at several American plants curtailed output and emboldened suppliers to seek higher prices.

“The reduction in US volumes and China’s planned abolition of the export tax rebate have been key catalysts behind the sharper uptrend,” a converter opined.

For Chinese origin, some players reported offers climbing toward $740/ton CIF, while others said they were unable to secure fresh quotations amid the Lunar New Year holiday period. The temporary absence of active Chinese offers further tightened the supply picture. Meanwhile, no new Russian shipments were confirmed at the time of writing, although some prompt material was heard at elevated FCA levels, subject to customs duty. The limited visibility of alternative origins has reduced buyers’ leverage and supported sellers’ efforts to lift benchmarks.

Duty-free K67 approaches $800 CIF mark

In the non-dutiable segment, K67 assessments climbed by another $20/ton to $770–790/ton CIF Türkiye, cash, marking the highest weekly average level since August 2025. The range included South Korean, Egyptian, Qatari, and European material, although participants noted that lower-end European offers disappeared quickly during the week. As availability tightened across several origins, duty-free prices moved steadily closer to the $800/ton CIF mark, reinforcing the perception of a supply-driven rally.

Buyers unsettled, yet compelled to secure volumes

The rapid succession of hikes has unsettled converters, many of whom are concerned about their ability to pass higher resin costs on to finished products, particularly in export markets. Despite resistance to the upper ends of the assessed ranges, buying interest has not vanished. On the contrary, fears that prices may continue—despite the starting Ramadan period—have prompted some converters to secure material. Still, market participants acknowledge that the market may need time to digest the current highs, especially if downstream demand shows signs of fatigue and manufacturers temporarily shut their factories for holidays.

March outlook firm as players monitor post-China trend

The near-term outlook remains firm, supported by reduced US output, constrained spot availability, and resilient European pricing. The sharper gains coincided with rising prices in nearby Egypt this month. A Turkish player said, “We expect European producers to test $800/ton CIF soon.”

Attention now turns to post-holiday developments in China, particularly considering the planned abolition of the 13% VAT export tax rebate effective April 1. Demand conditions in India will also guide the medium-term direction. For now, Türkiye’s import PVC market continues to reflect a supply-led rally, with faster hikes signaling that sellers remain firmly in control.