European PVC prices continue to fall in CIS countries

MOSCOW (MRC)–Negotiations on European polyvinyl chloride (PVC) prices for February delivery into the CIS markets began last week with all producers announcing a further decrease in export pricing, according to an ICIS-MRC Price Report on Friday.

The European contract price of ethylene for February delivery was agreed down by €70/tonne from the January level, which reduces the production cost of PVC by about €35/tonne.

Under the pressure of the continuing downward price trend in the ethylene market, European producers have decreased export PVC prices. Resin prices dropped by €20-30/tonne.

Negotiations on February deliveries of suspension polyvinyl chloride (SPVC) for the CIS markets this week were done in the range of €690-730/tonne FCA, while the January deals were done in the range of €710-760/tonne FCA.

Supply of the resin from European producers is sufficient, there was no restrictions on the supply.

MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan