MOSCOW (MRC)--Negotiations on European polyvinyl chloride (PVC) prices for September delivery to the CIS markets have begun this week. European producers, in most cases, rolled over the August export prices, according to the ICIS-MRC Price Report.
September contract price of ethylene was agreed at the level of August, which did not affect the net cost of PVC production.
Taking this into account, European producers announced the rollover of the August export PVC prices for supplies to the markets of the CIS countries in September, while, in some cases, a €5 reduction in price was reported.
The demand for PVC from the main consumers from the CIS countries is low. Some European producers shut their capacities for turnaround in July and August, and there were equipment interruptions at some plants in August.
All these factors continue to affect the export quotas of some producers. Negotiations on August shipments of suspension polyvinyl chloride (SPVC) to the CIS markets were held in the range of EUR730-790/tonne FCA (free carrier), whereas deals were done in the range of EUR740-790/tonne FCA a month earlier.
MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.