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Prices for PVC to grow expectedly

April 01/2011

MOSCOW (MRC) -- Russian producers expectedly raised the prices for PVC in April by RUB 1.000 2.000/t, spot market hasnt completely reacted to considerable growth of prices for resin in USA, according to ICIS-MRC Price report.

Because of scheduled shutdowns of two enterprises in Volgograd and Sajansk, PVC contract deliveries for April have considerably decreased. For many contract clients reduction in deliveries volumes from Russian producers arent critical. Weak demand for finished goods made of PVC allowed to make efficient material stocks. Also some companies contracted PVC from North America which will allow them to compensate the lack of the Russian resin in April-May. 

In spot market the transient process is observed. Export prices for North American resin for April have grown more than by USD 100/mt compared to March level of prices. In the Russian market not all companies have transferred growth of export prices to domestic quotations. Price offer for North American PVC was within RUB 47.000 49.000/t, including VAT, Moscow. Soon prices correction will go on and it will approach contract prices of Russian producers.

Spot market has split into two parts. Converters who realize inevitability of serious growth of resin prices tried to purchase PVC for future. Other companies dont hurry to make additional purchases because of  available stocks of resin, despite forecasted growth of prices.

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