MOSCOW (MRC)--Negotiations on Russian contract polyvinyl chloride (PVC) prices for October delivery started last week with producers cutting prices significantly although some converters were in no hurry to agree deals, according to the ICIS-MRC Price Report.
Negotiations on October prices of Russian suspension PVC (SPVC) for the domestic market started last Tuesday (27 September). All Russian producers had to reduce contract prices significantly because of decline in demand.
At the same time, some converters were in no hurry to confirm deals hoping for further contract prices reductions.
Prices for Russian PVC reached another historical record in August on the back of high demand and production problems at the some plants.
Producers in September had to cut prices despite the two-week maintenance works at RusVinyl. September deals for K64 and K67 PVC were done in the range of roubles (Rb) 73,500-79,500/tonne CPT (carriage paid to) Moscow, including VAT.
September deals for K70 PVC were done in the range of Rb78,500-80,000/tonne CPT Moscow, including VAT.
The price range for October is quite wide like in the past month. October deals for K64 and K67 PVC are done in the range of Rb68,000-72,500/tonne CPT Moscow, including VAT.
October deals for K70 PVC were done in the range of Rb70,000-73,000/tonne CPT Moscow, including VAT. Some companies have reported lower prices for October deliveries.
MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.