PVC-S demand went down by 44%. However, even the current demand is not met.
Lack of resin is getting more acute in the domestic market. Scheduled
repairs at the largest Russian production units will only aggravate the
situation.
Converters were increasing imports to cover shortage of Russian resin.
Lack of resin in Europe and high prices made Russian converters switch
to purchases of Asian material. The share of imports of Asian resin in
July moved at nearly 45% of overall PVC-S imports.
s.
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