Negotiations over July shipments of suspension polyvinyl chloride (SPVC) began in the Russian market last Wednesday. Local producers announced a further price increase of Rb1,000-2,000/tonne for July shipments to the domestic market, according to ICIS-MRC Price report.
Strong seasonal demand and scheduled shutdowns for maintenance simultaneously at two plants led to a shortage of SPVC in the market. On the back of this, domestic producers announced a further rise in contract SPVC prices for July deliveries. At the same time, the increase in contract prices was less significant than in June, when the growth reached Rb4,000/tonne from May.