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Not all Russian producers raised PVC prices in October

October 08/2018

MOSCOW (MRC) -- Negotiations over October shipments of suspension polyvinyl chloride (SPVC) began in the Russian market in the first week of the month. Some producers managed to achieve a further price increase, according to ICIS-MRC Price Report.

Contrary to many converters" expectations, October did not become a month of price reduction. Some Russian producers still managed to achieve a price increase of Rb1,000/tonne from September. Some converters still agreed prices at the lat month"s level.

Demand for PVC began to subside in the Russian market in September under the pressure of seasonal factors, and some producers started to increase their exports, especially since the rouble devaluation against the dollar virtually equalized prices of export material, to be shipped to certain countries, with domestic prices.

Some converters maintained September volume of PVC purchasing in October, but overall demand for resin continued to decline gradually. Producers are going to sell for export the freed  from the domestic market quantities of polymer. 

PVC imports were insignificant in the past few months. Export prices for acetylene resin went down significantly in China in October, and some companies have already expressed their willingness to purchase resin. But due to the delivery complexity, the current external purchases do not put pressure on the Russian market. 

Traditionally, many converters were in no hurry to agree on deals for  October shipments, and PVC purchases before the start of the winter season corresponded only to the current needs.

Overall, October deals for resin with K=64/67 were negotiated in the range of Rb78,000-79,000/tonne CPT Moscow, including VAT, for lots of less than 500 tonnes. Resin with K=58/70 was contracted at the prices, which were by an average of Rb1,000/tonnes higher.
Author:Margaret Volkova
Tags:Europe, PVC, SPVC, China, Russia.
Category:General News
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