Low demand from the domestic market and growth in domestic production volumes were the main reasons for the reduction of external supplies.
In June alone, SPVC imports decreased to 8,600 tonnes from 11,800 tonnes a month earlier, as local companies decreased their purchasing of acetylene resin in China on the weakening of the rouble against the dollar. Some companies also have reported serious delays in the supply of acetylene PVC.
In total, SPVC imports into the country reached 32,300 tonnes in the January-to-June period, compared with 39,100 tonnes in the first six months of 2016.
According to preliminary data, demand for PVC in the first half of the year remained at the same level as the previous year, while the output of PVC by local producers increased by a quarter.
Chinese producers have traditionally been the key foreign PVC suppliers for the past several years. June imports of Chinese acetylene PVC decreased to 8,300 tonnes, compared with 11,200 tonnes in May, while imports of Chinese PVC were 30,200 tonnes in the first six months of the year, compared with 31,300 tonnes year on year.
The total import of European PVC for the period under review decreased to 1,700 tonnes against 2,500 tonnes a year earlier. Deliveries of the SPVC from the USA since the beginning of the year were practically non-existent.
MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.