High prices have been pressuring the Russian market since the middle of last year and producers have announced targeted rises of roubles (Rb) 10,000/tonne (€111/tonne) and more, according to the ICIS-MRC Price Report.
Russian export prices remain strong while those in the domestic market were much lower in April.
Export prices currently range from Rb132,000-150,000/tonne FCA (free carrier), including VAT, depending on the region. This price level has a significant impact on domestic pricing.
Tight supply and complex logistics have also contributed to the current market dynamic.
Deals for the supply of Russian PVC with K64/67 were discussed in a very wide range: Rb135,000-150,000/tonne CPT (carriage paid to) Moscow, including VAT, for volumes up to 500 tonnes, against Rb121,500-130,000/tonne CPT Moscow, including, VAT in March.
(€1 = Rb89.73)
MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.