News Code : 42626

US and European PVC on opposite trends in Turkey
• European major rolls over k67, raises k70 
• US cargos dealt with discounts 
• Petkim starts April with $20-30 hikes on higher C2 
• Feb imports up 5.6% m-o-m, down 21% on year
• Europe k67 ($/ton): 910-930 CIF 
• US k67 ($/ton): Offers 850-860 | Deal: 830 CIF 
• Local k67 ($/ton): 1090-1150 inc VAT


Initial PVC offers see increases beyond half of C2 hike in Europe
• April C2 contracts settled up by €30 
• Fresh PVC offers emerge €15-30 firmer 
• Margin recovery, supply concerns behind larger hikes 
• Buyers are searching the market with no hurry 
• Demand remains not brilliant
• Local PVC k 67-68 (€/ton): spot 845-960 | GA net 845-990


Egypt’s EPC reveals H1 April PVC offers with decreases
• Import PVC market down to lowest levels since Sept 2016 
• EPC’s new offers decrease by EGP200 
• Distribution market levels down by EGP100-500 
• Tight liquidity and slow activities keep expectations soft
• Import PVC k67 ($/ton): 786-830 CIF


Initial PVC expectations for May surface in India, SEA
• Major Indian producer cuts local offers further 
• Pre-election lull overshadows improved sentiment 
• India’s import PVC market stable on week 
• Chinese PVC offers stable to $10 higher in SEA 
• Crude oil surge supports rollover expectations for May
• Far East Asian k67 ($/ton): 870-880 CIF India | 820-860 CIF SEA


PVC sellers seek different size of increases in Italy
• Fresh April offers up at par with or beyond half of C2 hike 
• April C2 settlement is €30 higher 
• Some producers aim to recover margins
• Buyers hope to pay 50% of ethylene hike in deals 
• Spot ethylene prices are firmer on dwindling supply
• Local PVC (€/ton): k67 880-965| k70 900-1005 FD


Sentiment firms up in China’s local PVC market
• Local PVC starts April stable to slightly firmer 
• Demand shows improvement after VAT cut 
• PVC futures increase CNY160 on week 
• Stricter safety measures also support sentiment 
• Import PVC stabilizes after two weeks of softening 
• Early May expectations call for rollovers to slight losses
• Import k67 ($/ton): 810-860 CIF


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