PVC players discuss anticipated March gains in West Europe
A West European PVC producer settled their February PVC contracts with decreases of €20-30/ton. A producer source commented, “Demand has been good for both S-PVC and E-PVC. The outlook is firm for March as we expect ethylene contracts to settle significantly higher.”
A distributor in Germany concluded some February PVC deals down €20-30/ton from last month and reported seeing good demand in the second half of the month due to firmer expectations for March. The seller projects increases of €100/ton for the ethylene contracts and €40-50/ton for PVC prices for the upcoming month.
A converter, who settled his February PVC contracts with decreases of €25-30/ton, reported, “We bought some extra volumes this month, thinking that prices will gain ground in March. We expect ethylene contracts to settle up €80/ton from February and PVC prices to rise by around €40-50/ton.” A packaging producer also said that he is negotiating to obtain discounts of €25-30/ton on his February PVC contracts and added that he anticipates increases between €50-100/ton for the ethylene contracts.
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