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In April, Russian companies reduced their imports of suspension PVC to
33,000 tonnes, which was down 14%, compared with the March level. Russian
companies expectedly reduced their purchases of PVC due to several
reasons.
Firstly, it resulted from high export prices of PVC in the U.S. and the
low solvency of Russian converters amid high volatility of the rouble
against the dollar. As a consequence, over the last two months, the purchases of
North American PVC were significantly reduced. In April, the imports of resins
from the U.S. fell to 8,700 tonnes.
Secondly, due to the April rise in prices and limited volumes of Ukrainian
PVC last month, the imports of resin from the Ukraine declined.
At the same time, considering attractive export prices of PVC in China and
easy logistics, the imports volumes of acetylene resin have been growing
significantly from the beginning of the year. By April, the imports of PVC from
China had exceeded 13,000 tonnes.
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