USITC Staff Report: Quartz Surfaces from India and Turkey staff report USITC | Page 100

Table V-2
Quartz surface products: U.S. producers’ and importers’ shares of U.S. commercial shipments by
type of sale, 2019
Type of sale U.S. producers Importers
Long-term contracts 0.4 0.6
Annual contracts --- 8.0
Short-term contracts 7.4 4.8
Spot sales 92.2 86.5
Total 100.0 100.0
Note: Because of rounding, figures may not add to the totals shown.
Source: Compiled from data submitted in response to Commission questionnaires.
Of the U.S. producers and importers that reported selling using contracts, U.S.
producers *** reported using short-term contracts, and *** reported its short-term contracts
averaged 30 days. 7 *** reported that price is not renegotiated, its contracts typically have a
fixed price provision, and that prices are not indexed to raw material costs.
Twelve importers reported selling quartz surface products under short-term contracts,
with average contracts ranging from 30 to 200 days. Three importers reported selling subject
product under long-term contracts, with the average duration of the contract ranging from 500
to 1,095 days, and four importers reported they used annual contracts. 8 Of the responding
importers, most (10 of 13 importers) reported that prices were not renegotiated under shortterm
contracts, while 2 of 4 responding importers reported that prices were renegotiated
under annual contracts, and 1 of 2 firms reported renegotiated prices under long-term
contracts. 9
Most purchasers reported that they purchase product weekly (16 of 36 purchasers), 9
purchasers reported daily purchases, 8 purchasers reported monthly, and 2 purchasers
7
*** also reported that it sold its product under long-term contracts, but it did not report the
average length of its short-term or long-term contracts, nor did it respond to any of the questions
regarding its contract provisions.
8
Importer *** reported selling product under short, annual, and long-term contracts, *** reported
using short and long-term contracts, and *** used short-term and annual contracts.
9
Most importers reported fixed prices and quantities in their short-term contracts. Two importers
reported fixed prices in annual contracts and one reported fixed quantity. One responding importer
reported fixed prices in its long-term contracts. All responding importers indicated that prices are not
indexed to raw materials in short-term, annual, and long-term contracts.
V-3