Buyers, in the meantime, are busy with finalizing their January deals in the spot and contract markets. A pipe manufacturer in Brussels, Belgium said, “We have already obtained €10/ton discounts in the spot market while our negotiations for a rollover to €5-10/ton decreases are underway in the contract market.” As for February, they are also voicing their expectations for renewed discounts.
“Looking at the upstream markets and their losses, decreases in the PVC market are imminent,” commented a compounder in Vercelli, Italy.