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November prices of European PVC dropped slightly for CIS markets

November 09/2018

MOSOCW (MRC) -- Negotiations over European polyvinyl chloride (PVC) prices for November shipments to the CIS markets have begun this week. Most European producers slightly reduced their export prices amid lower ethylene prices, according to ICIS-MRC Price report.

The November contract price of ethylene was agreed down by EUR10/tonne from October, which led to a reduction of around EUR5/tonne in PVC production costs. However, prices of resin for shipments to the CIS markets fell by EUR5-10/tonne amid weak demand from a number of export markets.

Demand for PVC remained weak from the main consumers from the CIS countries due to seasonal factors and stable operations of local producers.  

Despite the ongoing scheduled shutdowns at some European plants, most producers did not have major restrictions on exports.

Negotiations over November shipments of suspension polyvinyl chloride (SPVC) to the CIS markets were held in the range of EUR715-780/tonne FCA, whereas deals were done in the range of EUR720-790/tonne FCA a month earlier.


mrcplast.com
Author:Margaret Volkova
Tags:Europe, SNG, PVC, SPVC, ethylene.
Category:General News
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