MOSCOW (MRC)--European polyvinyl chloride (PVC) March shipments to CIS markets rose by up to €100/tonne in some instances, according to an MRC Price Report.
The bulk of price offers were for K58/70 grade PVC; shipments in March were agreed at €1,085-1,145/tonne FCA (free carrier) CIS, up from February’s deals at €985-1,045/tonne FCA CIS.
The three-digit increases came after key feedstock ethylene European contracts were settled up by €75/tonne, compared with February, to €1,005/tonne FD (free delivered) NEW (northwest Europe).
European PVC supply has been tight due to unplanned shutdowns at several production facilities, tightness compounded by shutdowns in the US too.
Demand for PVC from CIS countries is starting to increase, despite the record high prices.
MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.