MOSCOW (MRC) -- Suppliers of the North American PVC decreased prices for October supplies to the markets of CIS, according to ICIS-MRC Price reports.
Within seasonal fall of demand, suppliers of the North American PVC are gradually decreasing prices for the markets of CIS. This week the prices for October deliveries of the resin from USA have been announced by USD20-30 per tonne lower than September level.
Deals for deliveries of the North American PVC in October are negotiated within the range of USD1000-1020 per tonne, CFR Saint-Petersburg and CIF Odessa. Many companies still hold back from purchasing PVC in USA - taking into account the logistics, the resin will get to their warehouses in the second half of November when the season actually ends.
When taking a decision about PVC purchases form USA, besides seasonal reduction of demand for PVC products, the Russian companies also take into account a volatility of USD currency rate against Rouble. Separate companies are afraid of currency risks and prefer not to contract North American resin.