US PVC export prices fell $40 week over week as participants reported sluggish buying interest and some traders were in a wait-and- see mode as producers were expected to announce their September offers. One trader said he heard September offers at $950/mt FAS Houston this week, and said the price was high considering the weakness of the global PVC market. In a backwardated market structure the price was assessed at $935/mt FAS Houston. Some traders reported buying enquiries from India and Egypt, although, in some cases, no firm bids were discussed. Buying interest from India for September cargoes was heard at $1,020-1,050/mt CFR, with a $45 antidumping fee, one source said. Meanwhile, bids from Egypt were heard at $1,040 CFR at 360-day L/C and at $1,055/mt at 270-day L/C. No deals were confirmed at the close of the market. "The export PVC price is expected to fall 2 cents in September as inventory levels are stable and ethylene prices are expected to fall," one source said. According to some market participants demand from Turkey, China and Latin America was absent this week.
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