According to the latest price report of ICIS-MRC, Europe's PVC price negotiations for delivery to the CIS market in October began last week, and most European producers negotiated on September export prices.
It is understood that the price of ethylene contract in October increased by 10 euros/ton from September, which increased the production cost of PVC by at least 5 euros/ton. However, European producers announced in October that PVC will be supplied to the CIS market in September. Export prices are postponed. Due to seasonal factors, the main consumers in the CIS countries have lower demand for PVC, which is reduced by €10/ton compared to the reported price. In addition, the demand for procurement in foreign markets is small and often reduced. To specific brands, especially K70 and K58. Although some factories in Europe are closing as planned, most manufacturers have no obvious restrictions on exports.
In October, the negotiated price of suspended PVC exported from Europe to the CIS market was 720~790 Euro/ton, and the price of last month was 730~790 Euro/ton, which remained stable.