30 August 2013 23:59 [Source: ICIS news]
An increase of €25-30/tonne ($33-39/tonne) was agreed with customers in northwest Europe and the Mediterranean, while buyers in the
August prices for European PVC pipe grades are, €955-990/tonne FD (free delivered) NWE (northwest Europe), €890-975/tonne FD in the Mediterranean and £845-875/tonne FD UK. The ranges were increased by €25/tonne in Europe and £25/tonne in the
Numbers below the ranges were also heard, but they were not widely confirmed.
Sellers were able to achieve a higher price increase of €35-40/tonne in eastern Europe because a series of planned and unplanned outages resulted in tighter supply in the region.
Some European sellers said that they intend to pass down the increase in feedstock ethylene if it gets more expensive next month.
PVC buyers accept that they might have to absorb higher prices in September, but are cautious about raising prices too sharply as they may struggle to pass down their higher costs to downstream customers, sources added.
Significantly higher European PVC prices may compel PVC customers to consider buying lower-priced product from outside Europe, such as the
While some PVC customers said they plan to buy more
($1 = €0.76, $1 = £0.65, €1 = £0.85)
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