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Demand for PVC improves in Russia

April 26/2010
Moscow (MRC) In the second half of April buying activity in the Russian PVC market improved. Forthcoming week-long May holidays and the beginning of high demand season were the factors to contribute to better demand - according to MRC Price report.
Demand for PVC improves in Russia The situation reminds last years scenario, when the market faced shortage of the material at the beginning of the season. This year, however, the availability of the resin is much higher. In the first quarter of 2010 PVC production was 146.3 thousand tons, an increase of 19.4% from Q1 last year. A significant interest was seen in imported material. Import volumes for the first three months made up 28.9 thousand tons. There were some limitations on Chinese PVC but they are expected to be removed in May.

At the end of April some shortage of suspension PVC with K=65-67 was observed. Today this resin is of the highest interest of converters. The improvement in demand has led to higher offer levels. Now prices for carbide-based PVC at the level of 44,500 45,000 RUR/mt, FCA, VAT included, do not cause objections of buyers, though as early as the beginning of the month offers at 44,000 44,500 RUR/mt were unacceptable.

 

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For more details on Russian PVC market please refer to MRC  Price reports.

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