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MOSOCW (MRC) -- Negotiations over prices
of European polyvinyl chloride (PVC) for January shipments to the CIS markets
have begun this week. Most European producers reduced their export prices
further under the pressure of lower ethylene prices in the region, according to
ICIS-MRC Price
report.
The January contract price of ethylene was agreed down by
EUR40/tonne from December, which led to a decrease of nearly EUR20/tonne in PVC
production costs. However, not all European suppliers proportionally reduced
their export prices of suspensions for January shipments to the CIS countries.
The price reduction of EUR10-20/tonne from December has been
discussed.
Demand for PVC was quite weak from the main consumers in the
CIS countries this month because of seasonal factors and some converters"
shutdowns for maintenance. There were no restrictions on shipments of resin this
month, as was the case from some European producers in December due to
unscheduled outages at some production capacities.
Deals for January shipments of suspension polyvinyl chloride (SPVC) to
the CIS markets were done in the range of EUR685-750/tonne FCA, whereas last
month"s deals were done in the range of EUR705-760/tonne FCA. |
