October prices of European PVC for export to CIS markets rise

12 October 2017 11:08 Source:ICIS News

MOSCOW (MRC)--Negotiations over prices of European polyvinyl chloride (PVC) for October shipments to the CIS markets were held last week with most producers further raising export values, according to the ICIS-MRC Price report.

The October contract price of ethylene was agreed up by €30/tonne from September, which presupposes the increase in PVC production costs by at least €15/tonne.

At the same time, some producers slightly reduced their export prices and others decreased them more substantially than the rise in ethylene prices. Overall, the increase was €5-25/tonne.

Negotiations over October shipments of suspension PVC (SPVC) to the CIS markets were held in the range of €795-860/tonne FCA (free carrier).

Most producers' supply of PVC was sufficient, although some buyers reported tight supply of resin with K = 70 from some producers.

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

By Sergey Karaichentsev