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    Home > Chemicals Industry > Rubber Plastic News > U.S. PVC exports fell 23.7% year-on-year from January to October

    U.S. PVC exports fell 23.7% year-on-year from January to October

    • Last Update: 2023-01-20
    • Source: Internet
    • Author: User
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    According to data released by the U.
    S.
    International Trade Commission on December 8, U.
    S.
    PVC exports in the first 10 months of 2021 fell by 23.
    7% from a year earlier

    .

    U.
    S.
    PVC shipments stood at 1.
    6 million tonnes from January to October, down from 2.
    1 million tonnes in the same period in 2020, the data showed

    .

    U.
    S.
    PVC exports fell in 2021 due to strong domestic demand and tight supply, mainly due to weather-related shutdowns, in addition to maintenance and operational issues

    .
    This pull in U.
    S.
    domestic demand has led to a reduction in the overall supply of PVC, reducing typical outflows

    .

    Canada remains the largest export market for U.
    S.
    PVC, exporting a total of 470,689 tonnes in the first ten months of 2021, an increase of nearly 26% compared to 374,004 tonnes in the same period a year earlier

    .

    However, exports to China fell sharply to 197.
    37 million tonnes in the first October of 2021, compared to 2,218.
    6 million tonnes at the same time in 2020

    .
    Market sources believe the slump is due to a largely shut-down of arbitrage throughout Asia in 2021

    .
    Prices in Asia have been lower than in the U.
    S.
    all year as shipping rates in the region hit record highs

    .

    Mexico was the second-largest destination for U.
    S.
    PVC exports in the January-October 2021 period, totaling 228,928 tonnes, or 14% of all exports

    .

    Egypt imposes anti-dumping duties on US PVC

    Egypt imposes anti-dumping duties on US PVC

    Egypt was the third-largest export market with a total of 86,393 tonnes, accounting for 5.
    3% of total exports, ITC data showed

    .

    The Egyptian Ministry of Trade and Industry announced on December 6 that it will impose a new anti-dumping duty of 9% on the CIF (including cost, insurance and freight) of PVC imports originating in the United States
    .

    The announcement said the tariffs would be levied for five years
    .

    Ibrahim al-Seginy, assistant secretary of the Ministry of Economic Affairs and head of the ministry's trade remedy unit, said in a statement that the move was made after receiving a recommendation from an advisory committee investigating Egyptian manufacturers over U.
    S.
    PVC imports.
    Claims that harm domestic industry

    .

    A U.
    S.
    market source said: "I think the Egyptian government is killing the chicken and taking the egg

    .
    "

    U.
    S.
    PVC export prices rose 42% from $1,450/t FAS Houston in December 2020 when Egypt’s anti-dumping duty investigation began to $2,065/t FAS in November 2021

    .

    But prices have retreated from record highs
    .
    On December 1 last year, US export PVC was valued at $2,005/ton, down nearly 3% from the previous week

    .

    U.
    S.
    market sources expect PVC supplies to remain tight in the first quarter of 2022 amid the upcoming overhaul period

    .
    Producers are also not fully restoring inventories, as domestic and export demand remains strong throughout 2021 amid weather- and operations-related production disruptions

    .

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