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Russian PVC market outlook in August

July 22/2010
MOSCOW (MRC) Ц In the second half of July purchase activity seriously decreased in the PVC market. Strong competition in the market among resin suppliers might hold August prices on July level Ц according to MRC Price reports.
Russian PVC market prospects in August

 

Resin oversupply in the Russian market has given hope of stable resin supply in August to converters. Sterlitamak-based Kaustik shut down PVC facilities for repairs on Wednesday. Production is expectedly to be resumed early in August. At the same time, Russian producers have already contracted August PVC volumes.

 

According to some market players, oversupply of imported resin and sufficient PVC feedstocks of some Russian producers will contain rise of prices in the Russian market in the near future. During the first ten-day period of the month, over 11 kt of suspension were imported into Russia: at the same time, there are incomplete deliveries of Chinese acetylene-based PVC. Some converters, contrariwise, are sure that Russian producers will cut down August prices. By mid-July prices for imported and Russian PVC had been fixed within the range RUB 46.000 Ц 48.000/mt, including VAT, CPT Moscow.

 

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More detailed information about Russian PVC market is available in MRC Price reports.

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