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European PVC prices did not increase in CIS countries in September

September 09/2021

MOSCOW (MRC) - Negotiations on the prices of European polyvinyl chloride (PVC) for September supplies to the markets of the CIS countries had started last week. Despite the decline in ethylene prices in the region, European producers have rolled over August export prices for the current month, and in some cases there has even been an increase of EUR15/tonne, according to the ICIS-MRC Price Report.

September contract price of ethylene was agreed down by EUR8/tonne from the previous month, which theoretically allows to talk about an decrease of EUR4/tonne in the net cost of PVC production compared with August. But in the conditions of a serious deficit in the region and a number of planned shutdowns for repairs in August - October, European producers decided to roll over the August export prices for September shipment. In some cases, buyers reported a price increase of EUR15/tonne.

Several producers will shut down their capacities for maintenance works in August-October; it was  reported about unscheduled shutdowns of some plants in line with a decrease in supplies from the United States. All these factors negatively affect the export sales of European producers.

As a result, over the past two months, some buyers have reported an almost complete lack of PVC for them from some producers in Europe. Overall, deals for September shipments of suspension polyvinyl chloride (SPVC) to the CIS markets were discussed in the range of EUR1 440-1 500/tonne FCA, whereas the previous month"s deals were negotiated at EUR1 390-1 460/tonne FCA.

Author:Anna Larionova
Tags:Europe, PVC, EPVC, SPVC, Russia.
Category:General News
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