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.
INSIGHT: BASF volumes up but demand growth not driving prices higher
"The world economy and global industrial production have grown more slowly than BASF had anticipated."
VIDEO: ICIS Special Report - Asia methanol, acetic acid