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October PVC prices emerging lower in Italy

by ChemOrbis Editorial Team -
  • 06/10/2015 (04:18)
After October ethylene contracts settled with decreases of €40/ton in Europe, PVC prices in Italy declined for a third consecutive month, but at a relatively slower pace compared to September. Sellers are seen limiting their discounts to half of the monomer drop at the beginning of the month.

A West European PVC producer started giving October offers with decreases of €15/ton in the spot market. A producer source did not exclude the possibility of further slight downward adjustments in the upcoming days, commenting that buyers are expecting to obtain discounts of €20/ton this month.

An agent of another West European producer lowered his PVC prices by €20/ton for October, reflecting half of the ethylene drop to his new prices and reported that his supply is regular.

A distributor offering Central European PVC also issued decreases of €20/ton on his October prices compared to his latest September deals. “We might concede to slightly larger discounts of €30/ton later in the month as demand is rather stagnant. Buyers are not rushing to make new purchases. Meanwhile, we are still not offering k64-65 as our supplier’s plant remains offline,” he reported.

A compounder received initial October offers with decreases of around €15-20/ton for different European origins and said that he is planning to accept the levels. Meanwhile, several other converters expressed their October buy ideas with decreases of €20-25/ton from last month, thinking that discounts slightly larger than half of the ethylene drop might be available considering sluggish demand amidst comfortable supply.
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