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Russian PVC market to face undersupply

September 10/2009
MOSCOW (MRC) -- The Russian PVC market might run up against unprecedented lack of material in October – according to MRC’s analysts.

Consecutive suspension of the three largest Russian PVC producers will result in acute feedstock shortage in the domestic market. Imports of Chinese acetylene-based PVC is the most real alternative for the market, since European PVC prices are not competitive for domestic consumers, and delivery of ethylene-based PVC from Asia and USA by sea takes not less than 40 days.

Prices for Chinese PVC have moved at RUB50.000–52.000/mt. Generally, PVC being delivered to the Russian market was contracted by converters still in August. Material is actually not available for free sale; at the same time, overall imports of Chinese PVC exceeded 10 kt last month.

Prices for Chinese PVC will be determining pricing policy in the Russian market within during September-November. Last week, PVC prices in China went down to RMB6600/mt fd due to the slumping sales of finished goods. Weakening PVC demand in China might result in lower selling prices of other Asian producers.

For more detailed information on the market of PVC, see Price report.

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