Like in previous months, Russian PVC monthly negotiations have started with producers targeting price increases, which were finally implemented.
August has not been an exception and most producers plan to hike prices compared to July.
While most PVC producers pointed to the Rb4,000/tonne increase, one of them said it would increase prices by Rb1,500/tonne.
Despite a scheduled shutdown for maintenance at one of the largest Russian PVC producers, SayanskKhimPlast, which started in mid-July, and large export quantities, the market was well supplied.
At the same time, some producers said they did not have excessive PVC stocks.
Some converters said they would have to reduce purchasing of PVC in August due to a significant price increase.
They added that it has become a pattern for PVC prices in Russia to fall after the summer, adding that this year would be no exception.
While PVC prices have continuously increased since the beginning of the year, the country’s material still remains significantly cheaper than imported analogues.
August deals for PVC resin with K=64/67 grade were negotiated in the range of Rb73,500-77,000/tonne CPT (carriage paid to) Moscow, including VAT.
Deals for resin with K=70 grade were also discussed starting from Rb74,000-78,000/tonne CPT Moscow, including VAT.
($1 = Rb62.40)
MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.