September imports of PVC-S to Russia dropped by one third |
|
|
(MRC) -- After record August, imports of suspension
PVC to the Russian market in September fell by a third. Over the nine
months, total import of the suspension exceeded 390,000 tonnes, according
to MRC ScanPlast.
The peak of PVC-S imports
fell at August and hit another record – 57,000 tonnes.
High imports resulted from active purchases in June - July, when the
Russian companies made inventories for August - October. In September, the
import volume of the resin expectedly decreased by one third and made
38,700 tonnes.
The biggest part of PVC, delivered to the market
last month, had also been contracted in July. Deliveries of acetylene
PVC from China were cut to 3,300 tonnes. A month earlier, this figure exceeded
17,000 tonnes.
|
 |
In August, the excess of PVC in the market made many Russian companies
refuse from long-term purchases in China and the U.S. The devaluation of the
Russian ruble against the dollar also had a significant impact. As a
result, a further decline in imports of PVC is expected in October -
November.
October export prices of the American PVC attracted attention
of some companies, but the goods will arrive only in December, and November
shipment prices are likely to decline. These factors substantially
limited purchases of PVC from the United
States.
|
Many Russian companies due to relatively high prices in September –
October actually stopped buying resin from China. The Ukrainian producer
Karpatneftechem (Group Lukoil) continues to strengthen its position in the
Russian market.
In general, over the nine months, imports of PVC-S
exceeded 390,000 tonnes, that was by 52% more year on year. Over the three
quarters of 2011, Russian producers of the resin managed to produce 394,400
tonnes, which is comparable with the volume of imports.
The author of the news: Sergey Karaichentsev.
mrcplast.com
| |
|
|
|
|
|