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PVC prices to rise in Russia in March

February 18/2010
MOSCOW (MRC) -- PVC demand is traditionally weak in Russia during the first two months of the year in view of low finished goods sales; though, already in March consumption will increase and prices are to rise according to MRC Price Reports.
PVC prices to rise in Russia in March

Russian PVC producers fixed February contract prices at the level of RUB42.50044.000/mt, including VAT, Moscow. In the first half of the month, prices for Asian and North American resin went up on average by RUB500/mt, and now they vary within the range of RUB43.50045.000/mt, including VAT, Moscow.

 

March prices for Russian resin are expectedly to go up being pushed up by high PVC prices in Asia, Europe and North America.

Reduced output and shutdown of several PVC units in Europe resulted in cut exports. Some producers already raised their export prices last week. American and Asian suppliers have not announced their PVC prices for March shipments, yet.

 

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


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