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(plastemart) -- PVC offers out of the US continued to
firm up in many regions in line with the global upward trend that has been in
place since the beginning of the year.
As for April, America’s own
market dynamics are also supporting the firming trend for PVC in global markets.
The domestic market has witnessed strong PVC demand amidst tight availability
stemming from planned and unplanned shutdowns. These factors along with rising
production costs have, needless to say, provided ground for domestic sellers to
raise their PVC offers while American producers have also adjusted their offers
upwards for export markets.
However, they are currently seeing
restrained buying interest in many regions. In China, an international trader
reported its April sell ideas for US PVC with a USD100/ton increase over their
March done deal prices. He blamed tight availability in the US and firm
production costs for the rise in his sell ideas. The trader added, "Our
allocation to China is limited for April as demand from Chinese buyers remains
poor and the prevailing market level in China stands below other
markets."
This relative shortage of American cargoes has helped major
Asian suppliers achieve done deals at or close to their initial offers for
April, according to another trader. In the meantime, the competitive domestic
market, which trades well below imports, is also playing a role in Chinese
buyers’ reluctance to purchase US cargoes. |
