The European Union imposes tariffs on up to $4 billion worth of U.S. products on Monday 9th of November, after what it described as a “lack of progress” from America on resolving a long-standing dispute over aircraft subsidies.
This implies a 25% Duty on US PVC from 10/11/2020.
It will have a direct impact on EU PVC market. We expect the impact to be seen on Q1 2021 helping the market to maintain its actual speculative prices. We believe it will create a certain stability on actual PVC prices as there will be very little influence from any imports in the next months.