MOSCOW (MRC) -- In July, Chinese traders increased PVC import to 81,400 tonnes, up 27% from June. The year-to-date PVC import to China exceeded 554,000 tonnes, report MRC analysts.
Last month Chinese traders significantly raised PVC imports amid rising seasonal demand and a major price cut. In July, 81,400 tonnes of PVC were supplied to the Chinese market, up 27% from June. Meantime, PVC export from China dropped in July by 19% from June and made about 15,800 tonnes.
North-American makers still occupy the leading position in PVC imports to China. In July, imports from the USA made over 26,400 tonnes, up 56% from June (the year-to-date index makes 182,700 tonnes). PVC import from Taiwan did not rise that significantly (about 6% from June) and made about 28,600 tonnes. PVC imports from South Korea grew more than two and a half times up to 7,500 tonnes.
In general, over the past seven months 554,000 tonnes of PVC were imported to China, down 6% year-on-year. This year only makers from the USA, Taiwan and Malaysia managed to increase PVC supply volumes.
MRC