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MOSOCW (MRC) -- There were active
negotiations over prices of European polyvinyl chloride (PVC) for June shipments
to the CIS markets this week. Amid steadiness of feedstocks prices, European
producers maintained their export prices at the level of May with a slight
increase from some producers, according to ICIS-MRC Price
report.
The June contract price of ethylene was agreed at the level
of May, despite a major fall in oil prices in the last two weeks. On the back of
steady prices of the main feedstock - ethylene - European producers did not
adjust their export PVC prices for deliveries to the CIS countries either, only
in some cases, prices rose by EUR5/tonne from May.
Negotiators said some
producers still had export restrictions due to scheduled shutdowns for
maintenance. Also, because of problems in Brazil, some manufacturers promptly
switched their export flows.
Demand for PVC increased from the main
consumers in the CIS countries in June, but high export prices of European
producers limited the growth in purchases.
Deals for
June shipments of suspension polyvinyl chloride (SPVC) to the CIS markets were
done in the range of EUR720-810/tonne FCA, whereas last month"s deals were done
in the range of EUR720-805/tonne FCA. |
