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Attractive import PVC deals concluded in Italy

by ChemOrbis Editorial Team -
  • 01/06/2017 (11:54)
In Italy, several done deals were reported for import cargoes this week at competitive levels with respect to the local spot ranges, where price decreases are widely expected in June following the €35/ton lower settlement of ethylene contracts.

Mexican and US k70 were purchased at €900/ton on DDP, 60 days basis, standing below the local range which was last reported at €960-1060/ton for this product.

A much more competitive deal was reported for Egyptian k67 at €850/ton DDP for delivery in June. It is €100/ton below the low end of the local k67 range, which was last reported at €950-1050/ton FD, 60 days.

Local sellers across Europe are likely to seek rollovers initially as Kem One has already voiced his intention that they will not set their prices by automatically taking the ethylene decrease into account. Buyers, on the other hand, are aiming to obtain decreases in the local market this month.
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