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MOSCOW (MRC) -- Negotiations over
prices of European polyvinyl chloride (PVC) for January shipments to the CIS
markets began on Monday. As expected, European producers announced a further
increase in export PVC prices - by EUR20/tonne and higher - because of higher
feedstocks prices, according to ICIS-MRC Price
report.
January contract price of ethylene was agreed up by
EUR65/tonne from the previous month, which theoretically allows to talk about an
increase of EUR32,5/tonne in the net cost of PVC production. But amid strong
demand from both the domestic and export markets, European producers raised
their export prices for the CIS markets in January by
EUR20-40/tonne.
Demand for PVC subsided significantly from consumers in
the CIS countries in January under the pressure of seasonal factors, partially
because of long New Year"s outages of production capacities. Supply of resin
from European producers also increased, but there is still no surplus of
material.
Overall, deals for January shipments of suspension
polyvinyl chloride (SPVC) to the CIS markets were negotiated in the range of
EUR875-965/tonne FCA, whereas the previous month"s deals were discussed in the
range of EUR855-925/tonne FCA. |
