A different West European producer started giving June PVC offers up €40/ton from May. A source from the producer stated that their allocation is quite limited for the Italian market.
Prior to the announcements from European producers, several buyers had expressed their June buy ideas with smaller increases of €10-15/ton considering the ethylene settlement. This week, a converter in Belgium made some purchases from a West European producer with increases of €20/ton for June and received a few offers with larger hikes of €35/ton from another producer, with whom he is negotiating. “Our end product demand was stronger in May and it has slowed down recently as demand is weaker from France due to the ongoing strikes. Meanwhile, we didn’t experience any supply issues,” the buyer noted.
Another converter in Italy also bought West European PVC up €20/ton for June while receiving Central European PVC offers with increases of €30/ton from last month. The buyer reported hearing about reduced availability from producers due to the strikes in France.