MOSCOW (MRC)--Negotiations on the prices of European polyvinyl chloride (PVC) for September supplies to the markets of the CIS countries had started last week, according to the ICIS-MRC Price Report.
Despite the decline in ethylene prices in the region, European producers settled August export prices between rollovers and €15/tonne increases.
The September contract price of ethylene was agreed down by €8/tonne from the previous month, which could allow for a €4/tonne decrease in PVC production costs compared to August.
Regional plants taken offline between August-October for maintenance and tight supply kept prices buoyant despite upstream softening, and an unscheduled shutdown in the US also impacted European export sales.
Some buyers have reported an almost complete lack of PVC for them from some producers in Europe, as a result of supply constraints over the past two months.
Deals for September shipments of suspension polyvinyl chloride (SPVC) to the CIS markets were discussed in the range of €1 ,440-1 ,500/tonne FCA, whereas the previous month’s deals were negotiated at €1 ,390-1 ,460/tonne FCA.
MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.