Polyvinyl Chloride Europe

摘要

European polyvinyl chloride producers conceded the full drop in ethylene this week, a reduction from initial offers for September contracts due to a bearish outlook on the remainder of the third quarter, sources said. The Northwest European PVC contract price was assessed at Eur825/mt, down Eur5/mt week on week. The September ethylene contract settled at Eur1,150/mt, down Eur55/mt from the August CP — at 48% of PVC, the full impact of the fall in ethylene, equivalent to a reduction of Eur26/ mt, has now to all intents and purposes been realized. “We didn’t want to give back the equivalent [of the ethylene fall] but with demand not brilliant and other producers dropping [the full amount], customers are expecting Eur25-30 [off contracts],” a producer source said. Sources said demand was weak.