European PVC prices increased by EUR50/tonne and more in CIS markets |
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MOSOCW (MRC) -- Negotiations
on prices of European polyvinyl chloride (PVC) for November shipments to the CIS
markets started at the beginning of this week. European producers announced
another increase of EUR50/tonne or higher in their export PVC prices, despite
steady ethylene price, according to ICIS-MRC Price
report.
November contract price of ethylene was agreed at the
previous month"s level, which theoretically allowed to talk about the steadiness
of the net cost of PVC production, if compared to October. Nevertheless,
shutdowns of several plants in Europe and good demand for PVC in the world
helped European producers to talk about a significant increase in export prices
for the CIS markets in November. An increase of EUR50-60/tonne in export PVC
prices has been under discussion.
Demand for PVC from CIS consumers
decreased in November under the pressure of the seasonal factor, but still
remained at a good level for the current season. Also, local producers have
restrictions on supplies, in particular, from the Ukrainian producer -
Karpatneftekhim due to a shutdown for scheduled maintenance
works.
Nevertheless, European producers reported that export quotas were
significantly limited in November for supplies to the CIS markets due to
shutdowns of several plants in the region, and good demand from the domestic and
a number of export markets.
Overall, deals for November shipments of
suspension polyvinyl chloride (SPVC) to the CIS markets were negotiated in the
range of EUR820-905/tonne FCA, whereas the previous month"s deals were discussed
in the range of EUR770-840/tonne FCA.
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mrcplast.com | |
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