London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950
info@mrcplast.com

Our Clients

Order Informer

 
Home > News >
 

European PVC prices increased by EUR50/tonne and more in CIS markets

November 06/2020
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.

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

Leave a comment

MRC help

 


 All News   News subscribe