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PVC imports to Russia fell 64% in first nine months of 2017

October 11/2017
MOSCOW (MRC) -- Imports of suspension polyvinyl chloride (SPVC) into Russia totalled about 42,400 tonnes in the first nine months of 2017, down 64% year on year. An increase in domestic production and weaker demand from the domestic market were the main reason for lower imports, according to the MRC"s DataScope report.

September SPVC imports slumped to 432 tonnes from 2,500 tonnes a month earlier. Local companies almost completely ceased to purchase resin in foreign markets because of high export prices and sufficient supply from Russian producers. Thus, overall SPVC imports of resin to Russia were 42,400 tonnes in January-September 2017, compared to 117,600 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 led to a significant decrease in the dependence on PVC imports even in the period of high seasonal demand.

Chinese producers were traditionally the key foreign PVC suppliers for the past several years. Last month"s overall imports of Chinese acetylene PVC fell to 58 tonnes from 2,300 tonnes a month earlier. Because of a major increase in export prices, Russian companies fully 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 39,500 tonnes in the first nine months of 2017, compared to 92,200 tonnes a year earlier. Imports of Chinese acetylene PVC are not expected to increase until the end of the year, even taking into account the October reduction in export prices.

European producers shipped small quantities of suspension, overall imports of European PVC fell to 2,400 tonnes over the stated period from 5,800 tonnes a year earlier.

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