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European PVC increased in June for CIS markets

June 08/2018

MOSCOW (MRC) - Negotiations on the prices of European polyvinyl chloride (PVC) for supplies to the markets of the CIS countries started this week. European producers have increased export prices, but not in proportion to the rise in the price of ethylene, according to the ICIS-MRC Price Report.

June contract price of ethylene was agreed up by EUR63/tonne than the level of May, which leads to an increase in the cost of PVC production by about EUR32/tonne. Nevertheless, despite this fact, European producers had to increase export prices for supplies to CIS markets, but less than the growth in production costs.

The demand for PVC from the main consumers began to increase gradually under the pressure of the seasonal factor. But at the same time, competition with producers from other regions was increasing.

Because of this it is not possible to completely pass all the increased costs for export prices. There were no restrictions on export shipments for most European producers.

Negotiations on the June supply of suspension polyvinyl chloride (SPVC) for CIS markets were in the range of EUR745-800/ tonne, FCA, whereas the month before deals were in the range EUR725-780/tonne FCA.
Author:Anna Larionova
Tags:Europe, SNG, PVC, EPVC, SPVC, ethylene.
Category:General News
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