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PVC imports to Russia down by 16% in Jan-Oct 2020, exports dropped by 1%

November 17/2020

MOSCOW (MRC) -- Imports of suspension polyvinyl chloride (SPVC) into Russia totalled 38,500 tonnes in the first ten months of 2020, down by 16% year on year. At the same time, exports decrease by 1%, according to MRC"s DataScope report.
 

Last month"s SPVC imports to Russia fell to 2,300 tonnes from 4,200 tonnes. The devaluation of the rouble against the dollar and high prices of resin in foreign markets forced Russian companies to significantly reduce their imports. Thus, overall imports were 38,500 tonnes in January-October 2020, compared to 45,900 tonnes a year earlier, with resin from China and the United States accounting for the main reduction in imports. PVC shipments from these countries decreased by almost a third over the stated period.

At the same time, strong demand for resin from the domestic market allowed Russian producers to reduce their export sales. October exports of suspension did not exceed 10,000 tonnes (excluding shipments to Belarus and Kazakhstan) versus 11,300 tonnes a month earlier. Thus, overall PVC exports totalled 165,700 tonnes in January-October 2020, compared to 167,800 tonnes a year earlier.

mrcplast.com
Author:Margaret Volkova
Tags:PVC, SPVC, Belarus, Kazakhstan, China, Russia, USA.
Category:General News
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