October Prices of European PVC for Export to CIS Markets Rise

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.