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European producers do not plan to raise PVC prices for CIS markets

August 06/2020

MOSOCW (MRC) -- Negotiations on prices of European polyvinyl chloride (PVC) for August shipments to the CIS markets started at the beginning of the week. The rise in the cost of ethylene in Europe has been going on for the third month in a row, but not all producers plan to increase export prices for PVC, according to the ICIS-MRC Price Report.

August contract price of ethylene was agreed up by EUR21/tonne from the previous month, which theoretically allows to talk about an increase of EUR11/tonne in net cost of PVC. Nevertheless, the offers from European producer for August  export prices of PVC for CIS markets have been mixed. Both the increase in export prices of PVC for shipments in August and the roll over of the July ones are being discussed.

The demand for PVC from consumers from the CIS countries has remained at a good level in the last two months due to the seasonal factor, while the possibilities of local producers were limited, including due to scheduled shutdowns.
The situation is similar in Europe in the PVC market.

Scheduled maintenance works and good demand from both the domestic market and a number of export markets significantly limited the supply for a number of European producers. Some producers do not intend to carry out their shipments to the markets of the CIS countries in August.

Overall, deals for August shipments of suspension polyvinyl chloride (SPVC) to the CIS markets were negotiated in the range of EUR665-720/tonne FCA, whereas last month"s deals were done in the range of EUR660-720/tonne FCA.


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