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October prices of European PVC grew by EUR5-20/tonne for CIS markets

October 07/2019

MOSOCW (MRC) - Negotiations on European polyvinyl chloride (PVC) prices for October delivery to the CIS markets began last week. Raw materials in Europe grew in price, and many local producers increased PVC export prices, according to the ICIS-MRC Price Report.

The October contract price of ethylene was agreed up by EUR20/tonne from September, which theoretically should lead to an increase of EUR10/tonne in PVC production costs.

Due to the increase in the cost of the main raw material - ethylene, many European producers raised their export prices for PVC for supply to the markets of the CIS countries in October, but the price increase is disproportionate in some cases and amounts to EUR5-20/tonne to the September price.

The demand for PVC from consumers from the CIS countries in October, as well as a month earlier, is low, many consumers reduced their purchases, since they expect a seasonal reduction in demand for finished products in November. Some producers had restrictions for export shipments because of shutdowns, but they were not critical for most buyers.

Several producers intend to achieve an increase in export prices by EUR20/tonne compared to September, but some consumers report that they managed to limit the price increase to EUR5/tonne. But in general, deals for October shipments of suspension PVC (SPVC) to the CIS markets were held in the range of EUR700-785/tonne FCA.


mrcplast.com
Author:Anna Larionova
Tags:PVC, EPVC, SPVC, ethylene.
Category:General News
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