Asian Chemical Connections
The Indian government’s revised schedule of anti-dumping duties (ADDs) for suspension-grade polyvinyl chloride (PVC) will likely result in additional inexpensive Chinese material looking for a home in nearby export markets such as Turkey and Egypt, creating additional pricing competition for material from the US and Latin America, market participants said.
The Indian government on 8 April imposed stiff penalties on most US, Mexican and Chinese material while giving more favourable treatment to shipments from particular producers in Taiwan and South Korea.
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"The premise of whether lower or higher oil prices are better for chemical producers is still a point of debate."
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