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European PVC prices continued to rise in the CIS markets in May

May 14/2019
MOSOCW (MRC) - Negotiations on European polyvinyl chloride (PVC) prices for May delivery into the CIS markets were actively conducted last week. Higher feedstock prices made European producers raise their export prices for third time, according to ICIS-MRC Price Report.

The May contract price of ethylene was agreed up by EUR30/tonne from April, which presupposes the increase in PVC production costs in the region by EUR15/tonne. The rising cost of raw materials was the main reason for the rise in export prices of PVC from European producers in the last three months.

European producers announced price increases of EUR10-25/tonne for the May shipments to the markets of the CIS countries. 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 PVC was supplied by national producers. Also in favour of domestic PVC was the fact that local raw materials are cheaper than European ones.

Some European producers still have had restrictions on export shipments since March because of the upcoming shutdowns for maintenance, but given the current low demand for imported PVC, such restrictions are not critical.
Deals for May shipments of suspension polyvinyl chloride (SPVC) to the CIS markets were negotiated in the range of EUR720-805/tonne FCA, whereas last month"s deals were done in the range of EUR710-785/tonne FCA.
Author:Anna Larionova
Tags:Europe, SNG, PVC, EPVC, SPVC.
Category:General News
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