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European PVC producers aim for hikes, buyers skeptical

  • 06/09/2016 (03:33)
September PVC prices have emerged across Europe following the ethylene contract settlements which were agreed with rollovers from August. In spite of flat costs, European PVC producers are aiming for slight increases in a bid to recoup their margins while some players in the distribution market didn’t follow suit.

A West European producer started giving September PVC offers with increases of €5-10/ton from August. A producer source commented, “We are targeting to recover our margins we lost in July while we are yet to receive feedback regarding our new offers. Demand is supposed to pick up in Germany. Buyers in Italy and France are taking a waiting stance for now.”

Another West European producer also applied small increases of €10/ton on their September PVC prices. A source from the producer noted, “Demand is good so far and we expect September to be a strong month in terms of trading activities after buying interest was below expectations in August.”

Despite producers’ hike targets, stable PVC prices are available in Italy’s spot market. A distributor offering Central European PVC left his offers unchanged for September. The seller stated that he has short supply for k70, adding that he has received a positive feedback from his customers so far.

A compounder confirmed receiving stable offers from August for Central European PVC. The buyer expects to close his deals in the second half of the month, commenting that demand is good for now. Another compounder has already bought West and Central European PVC with rollovers from last month while stating that small hike requests of €10/ton are also present. However, he thinks that sellers aiming for increases might adjust their prices in the upcoming days.

Another buyer in France settled their September PVC contracts at stable levels from August and commented that the pipe sector is calm for the time being as many players have just returned to the market following the holidays.
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