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April prices of European PVC grew by EUR5-10/tonne for CIS markets

April 12/2018

MOSCOW (MRC) -- Negotiations over prices of European polyvinyl chloride (PVC) for April shipments to the CIS countries began last week. Amid the rise in ethylene prices and upcoming shutdowns for maintenance, European producers raised their export prices this month, according to ICIS-MRC Price Report.

The April contract price of ethylene was agreed up by EUR5/tonne from March, which led to an increase of, at least, EUR5/tonne, in PVC production costs. Thus, European producers announced an increase of EUR5-10/tonne in export prices for shipments to the CIS markets.

Demand for PVC was still quite weak from the main consumers because of long winter. At the same time, European producers have not boosted their sales in this direction for the past months. A number of outages for turnarounds are still ahead, some producers deliberately restricted their exports to the CIS countries.

Negotiations over April shipments of suspension polyvinyl chloride (SPVC) to the CIS markets were held in the range of EUR755-815/tonne FCA, whereas deals were done in the range of EUR750-805/tonne FCA a month earlier.
Author:Margaret Volkova
Tags:Europe, SNG, PVC, SPVC, ethylene, construction.
Category:General News
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