Moscow (MRC) -- European producers increased prices of polyvinyl chloride (PVC) for deliveries to the CIS markets, despite a slight decline in feedstock prices, according to ICIS-MRC Price Report.
Negotiations on European PVC prices for May delivery to the CIS markets have begun this week. European ethylene prices for May delivery were agreed down by EUR5/tonne, compared with the April level.
However, European producers announced increase in export PVC prices of EUR20-30/tonne. Price offers for May European PVC were heard in the range of EUR760-800/tonne FCA.
Some European producers have significantly reduced their export quotas, compared with April. Some companies said they managed to contract no more than half of the required volumes.
European producers explained the price rise by the seasonally stronger demand, scheduled maintenance works at some plants (Anwil, Poland) and the need to improve their margines.
MRC