MOSCOW (MRC)--Negotiations on European polyvinyl chloride (PVC) prices for April delivery into the CIS markets have begun this week with many producers announcing further increases despite the lack of growth in the cost of ethylene, according to the ICIS-MRC Price Report.
Some companies began negotiations last Friday but most of the deals have been agreed this week.
As expected, all European producers increased export prices significantly, while the price of ethylene remained unchanged in April.
Just like a month earlier, most producers still have serious export restrictions.
They have announced an increase in the price of €40/tonne compared to March, although in some cases the price rise reaches €50/tonne.
In general, negotiations on April shipments of suspension polyvinyl chloride (SPVC) to the CIS markets are held in the range of €860-950/tonne FCA (free carrier) for K64/67 PVC, whereas March deals were done in the range of €820-910/tonne FCA.
Deals for K70 PVC were offered on average up by €20/tonne.
Many negotiators continue to report that due to supply constraints they can not fully satisfy their April requirements for resin.
MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.