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Force-majeure in USA to reduce PVC export quotes for Russia

April 15/2011

MOSCOW (MRC) -- One of the biggest North American suppliers of PVC to Russia declared force-majeure on 14 April. It will significantly reduce PVC export quotes for the Russian market, according to ICIS-MRC Price Report.

Georgia Gulf, one of the biggest North American PVC producers, declared force-majeure for PVC deliveries because of limited supplies of the feedstock for its production. The main supplier of ethylene for Georgia Gulf reduced deliveries that affected production process. Problems with production at the chlorine enterprise in Louisiana resulted in decreased production by 33% and, as a result, affected Georgia Gulf work. As per companys estimates, the present situation will limit PVC deliveries within a few next months.

The Russian market of PVC appeared among those who may suffer in a current situation. Supplies of PVC-S produced by Georgia Gulf to the Russian market in 2010 exceeded 20 KT, the indicator grew to 10.5 KT in QI. It should be obvious that other North American producers (Oxyvinyls, Westlake, Shin-tech, Formosa) will be forced to redistribute their export lines and the lack of PVC will cause the next leap in prices.  

This week quotations for insignificant quotation stock volumes of North American PVC for the Russian companies in April grew to record USD 1.330 1.370/mt, CFR Saint-Petersburg.

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