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Russian producers to decrease domestic prices for PVC

June 28/2011

MOSCOW (MRC) -- North American producers of PVC completed their offers for July shipment to external market, and this month they dont plan to decrease prices, according to ICIS-MRC Price Report. Over the month, export quotations for American PVC fell more than by USD 100/mt.

 

European producers will start discussion of  export prices for PVC in July only at the end of the week, after contract prices for ethylene in Europe will be formed. Some market players suppose that last week decrease of oil quotations may result in reduction of contract price for ethylene by EUR 80-100/mt.


Under the pressure of considerable decrease of prices in the external markets, some Russian producers also declared decrease of PVC prices for domestic market. Talks on the level of contract prices still go on, but some converters confirmed that they had managed to reduce prices by 1.500 RUB/t.


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