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Russian producers to decrease November PVC prices

November 02/2018

MOSCOW (MRC) -- Negotiations over November  shipments of suspension polyvinyl chloride (SPVC) began in the Russian market on Monday, 29 October. Producers had to reduce prices for supplies to the domestic market, according to ICIS-MRC Price Report.

SPVC prices has steadily increased in the Russian market since the beginning of the year under the pressure of various factors, and November will become the first month in 2018, when consumers will see a price drop.
Negotiations on the November supply started on Monday, 29 October; the producers expectedly announced price cuts. The prices were heard by roubles (Rb) 2,000�4,000/tonne lower from October level. Contrary to the expectations of many converters, they did not manage to achieve a reduction in prices in October, as it had been in previous years.

The high export prices of acetylene PVC in China and the growth in export volumes have allowed Russian producers in some cases to achieve a rise in prices in the domestic market in October. The export volumes that have grown in the past few months have allowed Russian producers to balance the domestic market even taking into account weakening demand for PVC under pressure from the domestic consumer.

Supply of K70 PVC was even slightly tight in October. Nevertheless, despite the relatively good balance in the domestic market, Russian producers had to reduce PVC prices in November. This was partly due to external factors - SPVC prices are getting cheaper all over the world.

The demand for PVC from the domestic market is declining, and some converters hope to achieve a significant reduction in prices in November due to increased competition between producers.

Overall, November deals for K64/67 PVC were negotiated in the range of Rb74,000-76,000/tonne CPT Moscow, including VAT, for lots of less than 500 tonnes. K58/70 PVC was contracted at the prices, which were by on average of Rb1,000/tonnes higher.
Author:Anna Larionova
Tags:PVC, EPVC, SPVC, Russia.
Category:General News
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