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September prices of European PVC dropped for CIS markets

September 05/2019

MOSOCW (MRC) - Negotiations on European polyvinyl chloride (PVC) prices for September delivery to the CIS markets have begun this week. Raw materials in Europe fell in price, and many local producers reduced PVC export prices proportionally, according to the ICIS-MRC Price Report.

The September contract price of ethylene was agreed down by EUR40/tonne from August, which theoretically should lead to a decrease of EUR20/tonne in PVC production costs. Because of a significant reduction in the cost of the main raw material - ethylene, many European producers intend to cut their export prices for PVC for supplies to the markets of the CIS countries in September, but there are producers who do not plan to adjust their export prices.

The demand for PVC from a number of consumers in the CIS countries is not high in September, many consumers reduce their purchases because they expect further price drop in the coming months. But due to technical problems, some plants have temporary restrictions in export supplies.

Several producers were considering reducing export prices by EUR20-30/tonne compared to August. One of the producers does not plan any price cuts this year.

But in general, deals for September shipments of suspension PVC (SPVC) to the CIS markets were held in the range of EUR710-765/tonne FCA.
Author:Anna Larionova
Tags:Europe, PVC, EPVC, SPVC.
Category:General News
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