European PVC prices increased slightly for CIS markets in February |
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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. |
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mrcplast.com | |
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