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European PVC prices increased in March by a three-digit number for the markets of the CIS countries

March 05/2021

MOSCOW (MRC) -- Negotiations on prices of European polyvinyl chloride (PVC) for March shipments to the CIS markets began this week. The rise in export prices from European producers continued, in some cases the price increase was EUR100/tonne by February, according to the ICIS-MRC Price Report.

March contract price of ethylene was agreed up by EUR75/tonne from the previous month, which theoretically allows to talk about an increase of PVC production by EUR33 per tonne compared to February. But a serious deficit has been persisting for several months in the region, which was due to unplanned shutdowns of several production facilities in Europe, and has recently been intensified by shutdowns of capacities in the United States.

European producers announced an increase in export prices for the markets of the CIS countries in March by EUR75-100/tonne. The demand for PVC from the consumers from the CIS countries is starting to gradually increase, despite the record level of prices. The bulk of price offers accounted for K58/70 PVC.

The supply of PVC for export from European producers was decreasing every month. Some producers limited their export sales in favour of the domestic market. Some buyers managed to agree on deliveries for 50% of the submitted order.

But there were companies that did not manage to get confirmation of their March shipments at all. Overall, deals for March shipments of suspension polyvinyl chloride (SPVC) to the CIS markets were negotiated in the range of EUR1,085 - 1,145/tonne FCA, whereas the previous month"s deals were discussed in the range of EUR985-1,045/tonne FCA.
Author:Anna Larionova
Tags:Europe, CIS, PVC, PVH, EPVC, PVC paste, SPVC.
Category:General News
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