In Germany, a converter is negotiating to settle his June PVC contracts up €15-20/ton from last month. According to the buyer, demand isn’t encouraging in the construction sector and the outlook is steady for July. A packaging producer closed their PVC contracts with increases of €15-20/ton for June. The buyer stated that his end product demand is slow and added that he expects to see rollovers in July.
A pipe producer in the Netherlands made some purchases from the spot market paying increases of up to €20/ton for June. “A few Central European producers were holding less availability this month. Our end product demand was normal as June was a long month in terms of trading activities. For July, we expect PVC prices to register some decreases, assuming that they have reached the peak,” he noted.