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January prices of European PVC rose by EUR10-20/tonne for CIS markets

January 11/2019

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.
Author:Margaret Volkova
Tags:Europe, SNG, PVC, SPVC, ethylene, Belarus, Russia, Ukraine.
Category:General News
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