MOSCOW (MRC) -- Russian companies continue to augment PVC imports into the domestic market. Total resin supplies from international markets exceeded 27 kt - according to MRC Price reports.
Last month single big PVC converters started actively purchasing resin in international markets, in particular, in North America and Europe. Partly, cooperation with international markets was caused by lower prices than the ones from Russian producers. American resin suppliers have dropped PVC prices for June to the level USD 970-990/mt, CFR Saint-Petersburg, under the pressure of falling ethylene prices in North America. Decreasing Euro/Dollar exchange rate and low prices have also caused the attractiveness of European resin for the Russian market. June PVC price level from Europe is in the range of EUR 750 - 830/mt, FCA.
Despite the delays in terms of PVC supply from China, total acetylene PVC imports exceeded 17 kt in May. Resin suppliers from North-Eastern Asia lowered the prices for June to the level USD 1.010 - 1.050/mt, CFR Saint-Petersburg, under the pressure of low prices for North-American PVC and low demand in China. At the same time, Chinese acetylene PVC suppliers, vice versa, raised resin prices in June on average USD 30-40/mt comparing with May.
For more detailed information about PVC market in Russia please refer to MRC Price reports.