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January prices of European PVC grew by EUR20/tonne for CIS markets

January 13/2021

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.
Author:Margaret Volkova
Tags:PVC, EPVC, SPVC, ethylene, Belarus, Russia, Ukraine.
Category:General News
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