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PVC prices in Russia will again rise in the second half of August

August 17/2018
MOSCOW (Market Report) - Some Russian producers announced a further price rise of suspended PVC (SPVC) for supply to the domestic market this week. The price increase was announced by roubles (Rb) 1,000-1,500/tonne, according to ICIS-MRC Price Report.

Russian consumers had to accept an increase in PVC prices by Rb3,000/tonne in the early August in comparison with the level of July, although initially the producers tried to achieve a price increase of Rb4,000/tonne. A number of producers have announced an increase in prices for additional volumes for August delivery of SPVC by Rb1,500/tonne since 15 August.

The price rise of Russian SPVC was a result of several factors. On the one hand, SPVC prices continue to increase in the last few weeks in the external markets, particularly in China.

Export prices for acetylene PVC in China increased by USD30/tonne by mid-August in comparison with the July level.
On the other hand, the August devaluation of the rouble against the dollar significantly affected prices of Russian PVC.

Some Russian producers announced an increase in PVC prices in September, so that the total increase in prices amounted to at least Rb2,000/tonne in relation to the beginning of August.

Despite the announced increase in prices, local processors are not in a hurry to form additional stocks, partly because of limited working capital, partly because of the desire to keep prices at the current level.
Author:Anna Larionova
Category:General News
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