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PVC prices in the world markets are growing

November 30/2010

MOSCOW (MRC) -- PVC prices keep on growing in North America; in December along with  growing contract prices for ethylene it is expected that the resin prices will grow also in Europe, according to MRC Price market reports.   

The growth of USA suspension prices is caused by limited ethylene offer in the domestic market. Olefins lack is a result of non-scheduled shutdowns of crackers at some production sites in USA    which entailed the reduction in volumes of ethylene production. North American suppliers offer PVC for the Russian market within the range USD 1.060 - 1.100/t, CFR Saint-Petersburgh, for shipment in December.


Along with a drop in the euro versus dollar rate, the capacity of European producers to compete with import PVC is improving. Besides, at year-end a lot of market players will reduce to the maximum the volumes of resin purchases in the outer markets. All these factors will ease the imports pressure on European producers. And the growth of contract price for ethylene EUR 27/t is unlikely to result in prices growth in December in Europe.

It is a comparatively balanced situation that is observed now in the Russian market of PVC. There are definite problems with resin shipment to the domestic market and considerable reduction in imports. Despite the general growth of resin prices in the external markets, the level of December prices for PVC from the Russian producers remained without changes in comparison to November.


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