PVC players project further softening in West Europe
A West European PVC producer concluded some November deals with decreases of €25-35/ton in the spot market. A producer source reported, “Ethylene contracts may settle with decreases from €10/ton to €30/ton for December so PVC prices have room to move lower, but only slightly. Plus, some buyers may secure extra volumes in December ahead of a possible firming trend in January 2015.”
A distributor in Germany concluded some November deals €40/ton below October. The seller reported that he expects demand to remain stable next month and added that he doesn’t expect prices to post notable changes.
A window profile manufacturer in Belgium received November PVC offers €45/ton below October, but stated that he is planning to push for discounts of €50/ton. “Expectations are calling for further softening given the weak energy markets. We think that PVC prices may decline by €30/ton. In addition, December will be a short month due to the holidays so suppliers may feel sales pressure,” he said.
A German converter received offers for November gentlemen’s agreements with decreases of €40-45/ton, but stated that he is planning to negotiate to obtain further slight discounts. Regarding December, the buyer commented, “The outlook remains bearish for the upcoming month and PVC prices may decline by €20-25/ton. Then prices may start firming up as of early 2015.”
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