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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. |
