(MRC) -- Import supplies of suspension PVC (PVC-S) in October expectedly reduced to 24 thousand tons. The seasonal factor will keep on influencing reduction of suspension imports to Russia, according to MRC DataScope.
The peak of PVC-S imports has been in August for the second year. September reduction of contract prices by the Russian producers as well as excessive offer of the resin in the market since August resulted in a significant decline of PVC purchases in the external markets. In September import supplies of the suspension to Russia went down to 38.7 thousand tons. In October the figure reduced to 24 thousand tons.
Overall imports of PVC from USA reduced to 9 thousand tons last month. Imports of the acetylene resin from China went down to 1.4 thousand tons. At the same time PVC from Karpatneftechem (Lukoil) is regaining its share in PVS market. Supplies of the Ukrainian resin in October to Russia made nearly 8.4 thousand tons.
A serious decline of export prices for November supplies from the North American and Chinese producers resulted in growth of PVC purchases from external suppliers. Nevertheless, the Russian companies-importers are still afraid to contract big volumes of the resin. Also an additional limit is the approaching New Year. The companies don't want to have considerable inventories for the next year.
Over the ten months, import supplies of suspension PVC exceeded 416 thousand tons which was 40% more than over the same period last year. As per preliminary estimates, in November overall imports of PVC to the Russian market won't exceed 20 thousand tons.