A local trader in Turkey shared with SSESSMENTS.COM that Turkey’s polyvinyl chloride (PVC) market faces a tepid demand as most buyers prefer to take a wait-and-see approach, awaiting fresh offers from the leading Taiwanese polyvinyl chloride (PVC) producer before taking the next step. Up until now, the trader is maintaining a wait-and-watch stance on the market and awaiting a fresh pricing quotation from the US producers, which will come to light within this week. Hence, the trader has been unable to share their price indication or provide pricing quotations to the market thus far. Meanwhile, market talks have it that the latest import offers for ethylene-based polyvinyl chloride (PVC) cargoes originating from Russia and Mexico emerged in the market at $1,750/ton and $1,950/ton respectively. Further added, the cargoes are subject to zero custom duty. All import offers are on LC at sight, CIF Turkey Main Port basis.
Commenting on the latest market situation, the trader further added to SSESSMENTS.COM, “The majority of buyers are well aware that most of the materials have been in short supply, but most of them also want to pull longer as they seek and are more incentivized to get the best deal they can. Buyers tend to hold back purchasing activity at least until the leading Taiwanese polyvinyl chloride (PVC) producer releases a fresh price list for February-loading cargoes. If the major producer slashes their prices, then buyers will have a better bargaining chip to get a good price. However, concerns abound that the sustained higher shipping costs will weigh on spot prices.”
