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PVC prices resumed their growth in non-CIS markets

August 06/2010

MOSCOW (MRC) -- PVC demand in Asia started recovering after a long-term slump. Demand recovery has led to price increase, August prices in Europe, Asia and North America went up by average USD 20-50/mt - according to MRC PVC market Price reports.

PVC prices resumed their growth in non-CIS markets


PVC prices in Asia, particularly, in China, started declining in May. The biggest exporters from North America and northeastern Asia were forced to drop the prices. Actions of Chinese government to defend the country's economy against overheating served the main reason of PVC demand decrease. In late July buying activity in Asia started growing gradually, after long-term fall PVC prices also resumed their growth.


PVC price offers for the Russian market went up by average USD 20-50/mt. North American suppliers have raised PVC prices for August by average USD 40/mt to the level USD 940 - 980/mt, CFR Saint-Petersburg. Resin from northeastern Asia is offered at average USD 980 - 1.040/mt, CFR Saint-Petersburg.


European producers also lifted suspension prices for August by EUR 15-45/mt despite the decrease of ethylene contract prices. The increase of Euro/Ruble exchange rate to the level 39,2 and July car transport price hikes in Europe should also be mentioned.


For more information about prices in the Russian PVC market please refer to MRC Price reports.

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