Russia SPVC Dec negotiations begin, producers cut domestic prices

MOSCOW (MRC)–Negotiations over December shipments of suspension polyvinyl chloride (SPVC) began in the Russian market this week, with producers reducing prices for supplies to the domestic market, according to ICIS-MRC Price Report.

SPVC prices reached a peak in the Russian market in October and the traditional winter price fall began in November.

November PVC prices decreased by roubles (Rb) 3,000-4,000/tonne ($45-60/tonne) from the October level.

Russian producers also had to cut December prices on average by Rb3,000/tonne.

Demand for PVC from the Russian market began to decline in October under seasonal pressure and as a result some producers increased exports volumes significantly.

October exports of suspension PVC from Russia exceeded 21,500 tonnes against 8,300 tonnes in September.

Total PVC exports from the country were about 109,700 tonnes in the first 10 months of this year, up 52% year on year.

MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.