Export prices of acetylene PVC in China have remained the same for the last three months. However, the August depreciation of the rouble against the dollar led to an increase of, at least, Rb1,000/tonne in prices of Chinese material in the Russian market. Some traders said they do not rule out the fact that they will sell out all their quantities by the second half of the month on the backk of stronger demand for PVC from converters.

 

Traders announced a rise in spot prices of Chinese acetylene PVC late last week to Rb49,500-50,000/tonne, CPT Moscow, including VAT, for K=65. Offer prices of the deficient resin with K=70 reached Rb53,000/tonne, CPT Moscow, including VAT.

 

Higher contract prices and tight supply of Russian PVC in August forced many converters to completely shift to  purchasing Chinese acetylene resin. As a consequence, demand for resin exceeds supply at present, some traders said. It is also possible that PVC stocks will completely run out at traders" warehouses by the end of the month.