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European PVC prices increased slightly for CIS markets in February

February 08/2019
MOSOCW (MRC) -- Negotiations on prices of European polyvinyl chloride (PVC) for February shipments to the CIS markets have begun this week. Most European producers increased their export prices despite the rollover of ethylene prices in the region, according to ICIS-MRC Price report.

February contract price of ethylene was agreed at the level of January , which did not lead to an increase in the net cost of PVC production. However, most European suppliers have increased the price of suspension PVC (SPVC)  for February shipments to CIS markets under pressure from price increases in key export markets.

The price increase of EUR10/tonne from January has been discussed.

Demand for PVC remained quite weak from the main consumers in the CIS countries this month because of seasonal factors, although some companies slightly increased the volume of purchases.

February volume of PVC deliveries were not limited, as in January. Only one producer has temporary reduced shipments of K70 PVC.

Deals for February shipments of suspension polyvinyl chloride (SPVC) to the CIS markets were done in the range of EUR695-750/tonne FCA, whereas last month"s deals were done in the range of EUR685-750/tonne FCA.
Author:Anna Larionova
Tags:Europe, SNG, PVC, EPVC, SPVC.
Category:General News
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