MOSCOW (MRC)--The majority of European polyvinyl chloride (PVC) producers have further cut January export prices to the CIS markets on lower ethylene values, according to ICIS-MRC Price report.
Negotiations over PVC prices for January shipments to the CIS markets began this week.
The January contract price of ethylene was agreed down by €40/tonne from December, which led to a decrease of nearly €20/tonne in PVC production costs.
However, not all European suppliers proportionally reduced their export prices of suspension product for January shipments to the CIS countries.
A price reduction of EUR10-20/tonne from December has been discussed.
Demand for PVC was quite weak from the main consumers in the CIS countries this month because of seasonal factors and some converters’ shutting down for maintenance.
There were no restrictions on shipments of resin this month, as was the case from some European producers in December due to some unscheduled outages.
Deals for January shipments of suspension polyvinyl chloride (SPVC) to the CIS markets were done in the range of €685-750/tonne FCA (free carrier), whereas last month’s deals were done in the range of €705-760/tonne FCA.
MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.