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PVC demand decreased two times in Russia

August 05/2009
MOSCOW (MRC) – Buying activity went down seriously in the Russian PVC market in the first half of the year – according to MRC. Demand for PVC resin decreased nearly two times compared to the same period last year. PVC resin consumption moved at 285.27 kt during January – June.

Shortage of PVC-S first became apparent in the Russian market in June caused by domestic underproduction and limited imports due to high PVC-S prices.

Increasing prices for European and Asian resin, as well as the high indicative price at customs duty calculation, resulted in 93% slump in imports.

The situation in the domestic PVC-S market might become worse in August due to successive suspension of the three major Russian suspension producers for scheduled repair.

For more detailed information, see Monthly report.






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