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February prices of European PVC rose by EUR60/tonne and higher for CIS markets

February 10/2021

MOSCOW (MRC) -- Negotiations over prices of European polyvinyl chloride (PVC) for February shipments to the CIS countries began last week. Traditionally for the past several months, European producers announced another increase in export PVC prices - by EUR60/tonne and higher - due to higher feedstocks prices, according to ICIS-MRC Price report.

The February contract price of ethylene was agreed up by EUR70/tonne from the previous month, which theoretically allows to talk about an increase of EUR3,5/tonne in the net cost of PVC production. But on the back of on-going force majeure shutdowns at several plants, European producers announced an increase of EUR60-100t/tonne in export prices for the CIS countries in February.

Demand for PVC from consumers from the CIS markets has remained weak so far because of seasonal factors, but demand for resin still increased from January. Moreover, manufacturers from the CIS countries have a shortage of resin with K=70, which local converters were trying to compensate for with purchases in Europe. 

Overall, deals for February shipments of suspension polyvinyl chloride (SPVC) to the CIS markets were negotiated in the range of EUR985-1 025/tonne FCA, whereas the previous month"s deals were discussed in the range of EUR875-965/tonne FCA.
Author:Margaret Volkova
Tags:Europe, PVC, SPVC, ethylene, Belarus, Russia, Ukraine.
Category:General News
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