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October import of PVC to Russia decreased significantly

November 01/2011

(MRC) -- The devaluation of the rouble, the low prices from the Russian producers in September - October, as well as excess supply of PVC led to a serious reduction in imports. In August, many Russian companies held back from purchasing of acetylene resins in China. Over the three weeks in October, imports of suspension PVC dropped to 20,000 tonnes, according to MRC DataScope.

After a record in August, the total import volumes of PVC-S to Russia in September fell to38,700 tonnes. Within three weeks of October, the imports of the resin to the Russian market declined to 20,000 tonnes. Deliveries of acetylene PVC from China reduced to 1,300 tonnes, while imports from the U.S. fell to 8,600 tonnes.

Significant cutbacks of the American and Chinese export prices of PVC in October Ц November resulted in picking-up buying interest of the Russian companies. But import volumes are not expected to increase greatly in the last months of 2011. According to preliminary estimates, import volumes are unlikely to exceed 25,000 tonnes.

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