Polyvinyl Chloride Prices in European Markets Rise with Increasing Power Costs and Ethylene Prices
The prices of Polyvinyl Chloride (PVC) in the European export market for the exports to Eurasian countries have risen amid increasing power costs and ethylene prices. The prices for November shipments to CIS markets were discussed in the range of Euros 1650-1710 per tonne. The export price rose by almost Euros 95-100 per tonne for the shipments in November. The negotiations for the November prices began in the middle of the last week. The November ethylene contract was assessed to be up by Euros 92 per tonne as compared to the previous month. This has led to an overall rise of Euros 47 per tonne in the cost of PVC production in Europe. With the high ethylene prices, the electricity costs have also been supporting a price rise in PVC. The power costs have been rising for the past few months. Other reasons for a rise in the prices are disruptions in operations and related scheduled shutdowns for maintenance at several production sites in Europe and low imports of PVC from the USA. Thi...