US PVC looks for direction in Mediterranean market – US PVC market
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US PVC looks for direction in Mediterranean market
There are a couple of divergent factors that cause US PVC to look for direction in its main export destinations. This is because US PVC offers are facing limited interest in Turkey’s and Egypt’s import markets despite limited supplies.
On one hand, traders claim that their US suppliers are firm on their offers due to their limited allocations and the firming trend in Asia. On the other hand, buyers are not tempted to buy this origin as they are already covered amid their subdued end demand. Plus, spot ethylene in the US continues to exert pressure on US PVC, they argue.
According to ChemOrbis Price Wizard, spot ethylene prices on a FD USG basis are currently standing at one and a half year low a weekly average.