Europe PVC Gains firmer feedstock

Europe PVC gains €20/tonne on firmer feedstock.

European March 2009, polyvinyl chloride (PVC) domestic contract prices settled €20/tonne ($27/tonne) up on firmer feedstock in the first quarter.

While the marginal increases were a sign of slight recovery
in the long-suffering PVC market, increases of €20/tonne were far from the initial targets of €50-80/tonne from producers at the beginning of march 2009.

The majority of regions in northwest Europe were now pegged at a gross range of €700-730/tonne.

However, this upwards movement was not apparent in Germany, where the size and location of larger converters in the area had worked against the sellers. German PVC price was confirmed at a rollover of €680-710/tonne.

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