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PVC players disregard increases for July in West Europe

by ChemOrbis Editorial Team - content@chemorbis.com
  • 21/06/2016 (16:00)
PVC deals are being concluded higher for a third consecutive month in West Europe while players are skeptical about the sustainability of the firming trend for July.

In Germany, a distributor concluded some June PVC deals up €15-20/ton from May at €840-860/ton for specialty grades and at €830-880/ton for k67 FD, 30 days. “Demand has been regular this month. For July, the outlook is stable to softer as converters will be away from the market due to the summer holidays so trading activities are expected to slow down,” he commented.

A converter is closing his June PVC contracts with increases of €15-20/ton from May. The buyer reported that his end product demand is normal this month and there are no issues regarding availability apart from short supply from a West European producer. According to him, the outlook is stable for the upcoming month. A compounder also paid increases of €20/ton for his June PVC contracts. The buyer is anticipating mostly rollovers for July, but thinks that the trend will also depend on availability on the producers’ side.

A pipe producer in the Netherlands bought some Central and West European PVC from the spot market with increases of €15-20/ton for June in the range of €800-840/ton for k67 and €840-860/ton for k58 and k64-65 FD, 30 days. The buyer noted, “Central European suppliers are holding less availability this month. Our end product demand has been good this month. For July, we expect to see some reductions considering that PVC prices have already reached quite high levels.”

A compounder in France settled his PVC contracts with increases of €15-20/ton for June at €850-870/ton FD, 60 days. “Demand has been good this month and it’s better compared to the same period of last year. We expect to see rollovers to decreases for July,” he said.
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