MOSCOW (MRC) -- Negotiations over prices of European polyvinyl chloride (PVC) for December shipments to the CIS countries began this week. Not all producers announced price cuts, despite lower ethylene prices, according to ICIS-MRC Price report.
The contract price of ethylene in Europe for December deliveries was settled down by EUR30/tonne from November, which decreased PVC production costs by an average of EUR15/tonne. Most producers had to reduce their export prices. At the same time, a producer, on the contrary, announced a price increase, citing the limited export quotas.
This week's negotiations over December shipments of suspension polyvinyl chloride (SPVC) to the CIS markets were held in the range of EUR735-790/tonne FCA, whereas November deals were done in the range of EUR715-810/tonne FCA.
In November, some customers reported limited export PVC quotas of producers from Hungary and Poland, there are no such problems in December. Producers from Germany and Sweden have restrictions on exports.
MRC