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PVC prices down in Russia

December 09/2009
MOSCOW (MRC) -- In December, landslide of PVC prices continued in the Russian market. Seasonal decrease in PVC consumption in Russia and high imports resulted in a serious adjustment of PVC prices.

Russian producers cut down contract prices for December shipments on average by RUB5.000/mt, to RUB41.00045.000/mt, including VAT, Moscow.

Resin sales shrank seriously in the Russian market at the beginning of December: resin demand dropped by more than 50%. First, that was related with decreased sales of finished goods and market players reluctance to enter the next year with expensive stocks of both raw materials and finished goods. Secondly, converters are lacking turnover funds to buy feedstock and waiting for further decrease in PVC prices in January as it happened at the beginning of the current year.
PVC imports are still high. In October, overall suspension imports exceeded 32 kt; that figure was a bit more than 29 kt in November. Imported resin became less expensive in view of continuously decreasing prices for Russian PVC. Last week, Asian PVC was offered on average at RUB44.00046.000/mt, including VAT, Moscow.

For more detailed information on the Russian PVC market, see Price reports.


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