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April prices of European PVC rose for CIS markets under pressure from higher feedstock prices

April 05/2019

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