European PVC April prices rise €5-10/tonne for CIS markets on ethylene hike

Source: ICIS News


MOSCOW (MRC)--Negotiations over prices of European polyvinyl chloride (PVC) for April shipments to the CIS countries have risen on the back of the rise in ethylene prices and upcoming shutdowns for maintenance, according to ICIS-MRC Price Report.

The European April contract price of ethylene was agreed up by €10/tonne, compared to March, to €1,067/tonne, which led to an increase of at least €5/tonne in PVC production costs.

As a consequence, European producers upped their prices by €5-10/tonne in PVC export prices for shipments to the CIS markets.

Demand for PVC was still quite weak from the main consumers because of long winter.

At the same time, European producers have not boosted their sales in this direction for the past months.

Moreover, a number of outages for turnarounds are still ahead, with some producers restricting their exports to the CIS countries.

Negotiations over April shipments of suspension polyvinyl chloride (SPVC) to the CIS markets were held in the range of €755-815/tonne FCA (free carrier), whereas deals were done in the range of €750-805/tonne FCA a month earlier.

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