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PVC imports to Russia fell by 55% in the first eight months of 2017

September 13/2017
MOSCOW (MRC) -- Imports of suspension polyvinyl chloride (SPVC) into Russia totalled about 42,000 tonnes in the first eight months of 2017, down 55% year on year. An increase in domestic production and high prices in foreign markets were the main reason for lower imports, according to the MRC"s DataScope report.
August SPVC imports slumped to 2,500 tonnes from 7,300 tonnes a month earlier. Local companies reduced significantly their purchasing of acetylene resin in China because of the dynamic growth of export prices in the region. Thus, overall SPVC imports to Russia were about 42,000 tonnes in January-August 2017, compared to 93,200 tonnes a year earlier, with May accounting for the peak shipments, totalling 11,800 tonnes. A major increase in the domestic production and further reduction of demand in the key processing segments allowed to significantly reduce the dependence on PVC imports even in the period of high seasonal demand.

Chinese producers traditionally were the key foreign PVC suppliers for the past several years. Last month"s total imports of Chinese acetylene resin dropped to 2,300 tonnes from 7,000 tonnes a month earlier. Because of a major increase in export prices, Russian companies suspended their purchasing of resin in China back in the second half of July, and August shipments were in fact debts under contracts as of the first half of July.

Thus, imports of Chinese resin were 39,400 tonnes in the first eight months of 2017, compared to 76,000 tonnes a year earlier. An almost complete termination of acetylene PVC imports from China is expected in September-October because of local producers" high export prices (prices had risen to USD950-990/tonne DAP Dostyk by September).

There was a slight increase in SPVC shipments from the US in August - to 110 tonnes - from 88 tonnes a month earlier. Imports of North American PVC were 264 tonnes in January-August 2017, whereas last year"s figure was 10,500 tonnes.

European producers shipped small quantities of suspension, overall imports of European PVC fell to 2,000 tonnes over the stated period from 4,900 tonnes a year earlier.

Author:Margaret Volkova
Tags:PVC, SPVC, China, Russia, USA.
Category:General News
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