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MOSCOW (MRC) -- Negotiations over
prices of European polyvinyl chloride (PVC) for April shipments to the CIS
markets have begun this week. Higher feedstock prices made European producers
raise their export prices further, according to ICIS-MRC Price
report.
The April contract price of ethylene was agreed up by
EUR30/tonne from March, which presupposes the increase in PVC production costs
in the region by EUR15/tonne. On the back of this, European producers announced
an increase in export prices of suspensions for April shipments to the CIS
countries, while discussing price increases that are not proportional to the
increase in the price of ethylene.
Demand for PVC has remained weak from
the main consumers in the CIS countries for several months due to seasonal
factors and sufficient supply of resin by national producers.
Some
European producers still have had restrictions on export shipments since March
because of the upcoming shutdowns for maintenance, but such restrictions are not
critical, given the current weak demand.
Deals for April shipments of suspension polyvinyl chloride (SPVC) to the
CIS markets were negotiated in the range of �715-785/tonne FCA, whereas last
month"s deals were done in the range of �710-765/tonne FCA. |
