European PVC prices remained steady for CIS markets in October

05 October 2018 15:00 Source:ICIS News

MOSCOW (MRC)--Negotiations on European polyvinyl chloride (PVC) prices for October delivery to the CIS markets have begun this week, with most European producers rolling over the September export prices, according to the ICIS-MRC Price Report.

The October contract price of ethylene was agreed up by €10/tonne from September, which led to an increase of, at least, €5/tonne, in PVC production costs.

However, European producers announced the rollover of the September export PVC prices for supplies to the markets of the CIS countries in October, while, in some cases, price cuts of €10/tonne were reported on the back of a weak demand.

The need for PVC from the main consumers in the CIS countries is low due to the seasonal factor and the stable work of local producers. Also, the need for procurement in foreign markets is minimal and often reduced to specific brands, in particular with K 70 and K 58.

Despite the ongoing scheduled shutdowns of some plants in Europe, most producers have no significant restrictions on exports.

Negotiations on October shipments of suspension polyvinyl chloride (SPVC) to the CIS markets were held in the range of €720-790/tonne FCA (free carrier), whereas deals were done in the range of €730-790/tonne FCA a month earlier.

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

By Sergey Karaichentsev