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European PVC prices slightly decreased in December in the CIS countries

December 06/2018

MOSOCW (MRC) -- Negotiations over prices of European polyvinyl chloride (PVC) for December shipments to the CIS countries began this week. Most European producers slightly reduced their export prices despite of significant cut of ethylene prices, according to ICIS-MRC Price report.

December contract price of ethylene was agreed down by EUR110/tonne from November, which presupposes the decrease in PVC production costs by, at least, EUR55/tonne. However, because of limited supply, some European PVC suppliers decreased prices slightly in the CIS markets. Some producers rolled over prices from the level of November.

Demand for PVC from the main consumers from the CIS countries continues to decrease due to the seasonal factor, but despite this, some European producers restricted deliveries because of power outages. Some buyers reported that they would receive part of the volume only at the end of the month.

Negotiations over December shipments of suspension polyvinyl chloride (SPVC) to the CIS markets were held in the range of EUR715-760/tonne FCA, whereas deals a month earlier were done in the range of EUR715-780/tonne FCA.
Author:Anna Larionova
Tags:Europe, SNG, PVC, SPVC.
Category:General News
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