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July prices of European PVC grew by EUR40/tonne for CIS markets

July 09/2021

MOSOCW (MRC) -- Negotiations on prices of European polyvinyl chloride (PVC) to be shipped in July to the CIS countries began this week. Traditionally, for the last few months, European producers have been experiencing a lack of supply and an upward price trend. Suppliers have announced a price increase of EUR40-50/tonne for July shipment, according to ICIS-MRC Price Report.

The July contract price of ethylene was agreed up by EUR40/tonne from the previous month, which theoretically allows to talk about an increase of EUR20/tonne compared with June level. But since the middle of last year, the main factor in the pricing of European producers has been the imbalance of supply and demand, which has led to a constant rise in prices for a long time. The lack of polymer in the region continued in July, and as a result, the upward trend remained.

European producers announced an increase in export prices for the markets of the CIS countries in July by EUR40-50/tonne. The growth in export prices of PVC in Europe has been recorded for more than a year, and during this time the price of PVC has more than doubled.

But the next record level of prices did not lead to a drop in demand, the demand for PVC still remained. Many market participants have not been able to replenish their inventories in full for at least the last three months.
This mainly was typical for K58/70 PVC.

As in the previous month, for the July shipments, some buyers reported the absence of PVC export quotas from certain producers in Europe due to scheduled maintenance works. Overall, deals for July shipments of suspension polyvinyl chloride (SPVC) to the CIS markets were discussed in the range of EUR1,390-1,460/tonne FCA, whereas the previous month"s deals were agreed in the range of EUR1,350-1,410/tonne FCA.
Author:Anna Larionova
Tags:PVC, EPVC, PVC paste, SPVC, Russia.
Category:General News
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