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January prices of European PVC remained steady

January 11/2018

MOSCOW (MRC) -- Negotiations over prices of European polyvinyl chloride (PVC) for January shipments to the CIS countries started last week. Weak demand and stability of ethylene prices made European producers roll over December PVC prices for January deliveries, according to ICIS-MRC Price report.

The January contract price of ethylene was agreed at the level of December, which did not lead to an increase in the net cost of PVC production. Demand also remained weak from many export markets, which forced European producers to maintain December export prices for January shipments. 

Weaker demand from a number of export markets already made European producers reduce their export PVC prices for the CIS markets back in the second half of November. Prices also dropped for these markets in December.

Negotiations over January shipments of suspension polyvinyl chloride (SPVC) to the CIS countries were held in the range of EUR715-780/tonne FCA, which virtually corresponded to the level of December prices. European producers do not have any restrictions for exports this month.
Author:Margaret Volkova
Tags:Europe, SNG, PVC, SPVC, ethylene.
Category:General News
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