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American PVC sustains firming trend in global markets

April 02/2012

(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, Americas 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.
Author:Marina Ivanova
Category:General News
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