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PVC export prices to decline in the external markets

October 27/2011

(MRC) -- Chinese producers cut export prices for shipment in November under the pressure of weak demand for PVC in the external markets. The suppliers of the North American PVC left prices at rollover from October, according to ICIS-MRC Price report.

Slumping demand in the foreign markets, as well as a notable drop in export quotations of the resin from the U.S. forced Chinese producers to cut back prices further. Chinese producers of the acetylene PVC, traditional for the Russian market, cut export prices for November, on average, by $50/tonne.

In August, many Russian companies refused to buy PVC in China. As a consequence, August imports of acetylene resin to Russia exceeded 17,000 tonnes, whereas in September it dropped to 3,300 tonnes. A bigger share of this volume was delivered by July contracts.

Suppliers of the North American PVC left export prices for shipment in November at rollover from October. In October, some producers decreased export quotations of the resin by $120/tonne compared to September. Under the pressure of a weakening demand in key markets, particularly in Asia, some market players are expecting decline in export prices of PVC from the U.S. in November.

Tags:PVC, rigid compound, kompoziciya, PVC-E, PVC-S.
Category:General News
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