Chinese producers of acetylene PVC quite a long time held their export prices for the Russian market at USD810-860/tonne DAP Dostyk. Talks on the possible price rise have been held since July, but the real increase in export prices PVC producers in the north of China announced only late last week.

 

Deals for September PVC prices for Russia were discussed in the range USD830-870/tonne DAP Dostyk, up USD10-20/tonne above the August price level.

 

Some market participants said that increase in export prices from Chinese producers resulted from the reduction in import duty to 6.5% in the countries of the Customs Union (Russia, Belarus and Kazakhstan).

 

At the same time, the price rise is not big and dictated to a greater extent the desire to maintain their position in the Russian market in the conditions of the next wave of the weakening of the Russian rouble.