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Prices for European PVC continue to decrease in CIS countries

August 08/2017

MOSCOW (MRC) - Negotiations on the prices of European polyvinyl chloride (PVC) for supplies to the markets of the CIS countries had started last week. Despite the unchanged price of ethylene, European producers have further reduced PVC export prices, according to ICIS-MRC Price report.

August contract price of ethylene was agreed at the level of July, which makes it possible to talk about the rollover of August PVC prices. Nevertheless, European producers went for a price reduction, which was partially offset by the growth of the euro against other currencies. Some producers" price reductions had reached EUR20/tonne from the July level.

In general, negotiations over August shipments of suspension polyvinyl chloride (SPVC) to the CIS countries were being held in the range of EUR790-850/tonne FCA, whereas July deals were done in the range of EUR800-870/tonne FCA.

The supply of polyvinyl chloride at the most producers has grown significantly. Moreover, in August, even those producers, who for a long time refused to supply PVC in the CIS, were going to resume export sales.
Author:Anna Larionova
Tags:Europe, SNG, PVC, EPVC, SPVC, Russia.
Category:General News
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