必威网址给一登录-必威官方首页-官网

Turkish PVC players monitor upstream chain amid mixed Nov outlook

Oct. 19, 2018

In Turkey, the PVC market remained calm as players preferred to monitor upstream markets where easing energy prices weighed on spot naphtha and ethylene prices in Europe and Asia. On another note, mixed expectations were voiced by a few players regarding November in the midst of larger-than-expected declines from a Taiwanese major and relatively firmer Turkish lira.


European k67 prices formed a narrow range of $850-860/ton CIF Turkey, cash, stable to $10/ton lower. Players commented, “The regional outages and higher ethylene contracts failed to pull European PVC market up during October. Prices in Turkey were also weighed by lower consumption.”


Egyptian k67 offers did not change for the second week in a row at $800-830/ton. A large manufacturer claimed that prices should break below the $800/ton threshold next month.


US PVC k67 offers hovered at $830-845/ton CIF, subject to 6.5% customs and 68.81% additional duty, cash. A buyer purchased some material that was already on the way at the low end, saying, “We expect to hear lower US offers for November shipments considering the fact that ethylene costs in the country were down compared to early October.” Lower output from Westlake and Shintech may limit any possible softening though, according to some.


Ukrainian k67 was visibly lower compared to last month at $830/ton FCA, subject to 6.5% duty, although this was not widely confirmed at the time of publication.


The local k67 range was at $1055-1100/ton inc VAT, stable to $10/ton lower for another week. Meanwhile, Petkim’s k67 cargoes continued to be offered in India at $900/ton CIF, down $10/ton.


Buyers and sellers seem at odds for next month. Sellers expect to see mostly rollovers saying that prices already fell notably and voice their hopes to receive better demand. According to ChemOrbis Price Index, the non-dutiable import k67 market sank to more than two-and-a-half-year low. Yet, a buyer commented, “The significant drop from a Taiwanese major to Asia and lower ethylene prices hint at a new round of drops.”

必威网址给一登录|必威官方首页

XML 地图 | Sitemap 地图