Demand for US PVC in international markets is beginning to fade, sources said Wednesday. The reason for the diminished interest is twofold, said one trader.
Lengthy delays in shipping and a lack of available shipping space were cited as one of the reasons.
"There are a number of logistical problems," said one trader. "People just don't want to wait for material," he added. As a result, freight rates have been rising. "Just to get cargoes moving, you have to pay a premium," said one market participant.
The second reason cited for fading interest was that prices seem to have hit a ceiling. Depending on the region, the ceiling ranged from $1,100-$1,150/mt CFR. "Prices aren't falling but they aren't rising either," said trader.
Meanwhile, export values were last talked at $1,045-$1,055/mt FAS Houston.
Lengthy delays in shipping and a lack of available shipping space were cited as one of the reasons.
"There are a number of logistical problems," said one trader. "People just don't want to wait for material," he added. As a result, freight rates have been rising. "Just to get cargoes moving, you have to pay a premium," said one market participant.
The second reason cited for fading interest was that prices seem to have hit a ceiling. Depending on the region, the ceiling ranged from $1,100-$1,150/mt CFR. "Prices aren't falling but they aren't rising either," said trader.
Meanwhile, export values were last talked at $1,045-$1,055/mt FAS Houston.
