MOSCOW (MRC)--A shortage of polyvinyl chloride (PVC) in the period of strong seasonal demand continued to affect prices in the Russian market this market this week after Bashkir Soda Company (BSC) announced a further price increase, according to a MRC Price report.
BSC announced a rise of rouble (Rb) 1,500/tonne (€21/tonne) in prices of suspension polyvinyl chloride (SPVC) for constant K=70 PVC resin, effective 15 August, in which represented the first price increase of this resin this month.
Before BSC’s announcement, PVC prices had stayed flat so far in August, compared to July.
Bashkir Soda Company maintained its prices of the resin with other constants unchanged.
As reported earlier, due to shortages Russian PVC prices have broken 2015’s record, reaching Rb75,500-79,500/tonne CPT (carriage paid to) Moscow for the resin with K=64/67 and Rb78,000-83,000/tonne CPT Moscow for the resin with K=70.
BSC produced 126,700 tonnes of PVC in the first half of 2016, up by 1% year on year.
The main shareholders are Bashkiria (with 38% of the registered capital), Cyprus Modisanna Limited (31%) and Bashhim (29%).
In April 2013, the reorganisation of JSC Kaustik (Sterlitamak) was completed through a merger with OAO Soda (Sterlitamak), being renamed in May 2013 as LLC Bashkir Soda Company.
(€1 = Rb72.32)
MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.