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European producers forced to further reduce PVC prices for CIS countries in December

December 07/2017

MOSOCW (MRC) -- Negotiations over prices of European polyvinyl chloride (PVC) for December shipments to the CIS countries began this week. Weak demand made European producers further reduce their export PVC prices, according to ICIS-MRC Price report.

The December contract price of ethylene was agreed up by EUR32/tonne from November, which presupposes a EUR16/tonne increase in PVC production costs. However, weaker demand from export markets forced European producers to reduce their export prices, despite the trends in the feedstocks markets. Some European producers announced a price decrease of EUR15-20/tonne from the second half of November.

In the second half of November, some manufacturers were already forced to reduce export prices, offer prices had fallen to EUR740-800/tonne FCA by the end of the month, whereas deals were done in the range of EUR765-820/tonne FCA at the beginning of the month.

Negotiations over December shipments of suspension PVC (SPVC) to the CIS markets were held in the range of EUR720-785/tonne FCA. Some market participants were slow to conclude deals, expecting further price cuts, as it was in November.
Author:Margaret Volkova
Tags:Europe, SNG, PVC, SPVC, ethylene.
Category:General News
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