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PVC-S imports to Russia doubled in February

March 16/2011
MOSCOW (MRC) -- Import supplies of PVC-S to Russia doubled in February compared to January and exceeded 33 KT, according to MRC ScanPlast. The absence of sufficient financial resources at some even big converters still defines the structure of resin supplies by types of companies. About 70% of total imports fell at trade companies.

Serious structure changes in PVC-S supplies are not marked. Still low level of prices for North American resin defines it high share in total imports about 66% at the end of February.

Recently export quotations for resin from USA grew to record USD 1.100 1.150/mt, CFR Saint-Petersburg for March deliveries.

Catastrophe in Japan still supports uncertainty in the market. Many suppliers keep from declaring prices for April deliveries from USA because of incomplete estimation of catastrophe influence on balance of PVC market  in Asia. It is expected that April level of prices will be declared only next week.

Launch of PVC production in Kalush (Lukoil Group) is postponed for April but this fact isnt disturbing. Trade companies now have sufficient stocks of resin, also significant volumes of North American suspension have been contracted for March-May deliveries. It allows to pass through scheduled maintenance in Volgograd and Sajansk as well as possible absence of PVC offer from North American suppliers.

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