Russian PVC market reaches its historical maximum

In July 2010, unblended PVC supply into the Russian market exceeded the level of 100 kt and amounted to 106 kt for the first time ever. The previous maximum was recorded in pre-crisis June 2008: 99,7 kt - according to MRC Monthly report on the Russian PVC market.

In 2009, the overall PVC market capacity (including compounds processing) decreased 25% compared to the previous year. PVC capacities utilization in Russia dropped to 85%. The PVC market went back to the level of 2006.

This year, the market has begun to recover rapidly. During the seven months of 2010 the level of PVC consumption increased 58%. Russian producers have raised utilization of their capacities, and lacking PVC volumes are delivered from Asia, the USA and Europe. In summer, spot supplies from the USA were the most attractive. In July, the share of imported resin amounted to 53%.