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PVC imports to Ukraine fell by 46% in H1 2019, exports down by 6%
Imports of suspension polyvinyl chloride (SPVC) into Ukraine decreased by 46% in the first half of 2019 year on year to about 21,000 tonnes. At the same time, sales of Ukrainian PVC to foreign markets dropped by 6% year on year, according to a MRC"s DataScope report.
Last month"s SPVC imports to the Ukrainian market fell to 2,600 tonnes from 2,900 tonnes in May, local companies significantly reduced their purchasing in foreign markets in the past two months amid high prices and sufficient supply from the domestic producer. Overall SPVC imports reached 21,000 tonnes in January-June 2019, compared to 38,800 tonnes a year earlier.
European producers with the share of about 69% of the total imports were the key suppliers of resin to the Ukrainian market in the first half of 2019. USA producers with the share of about 31% were the second largest suppliers.
Stronger demand for Ukrainian PVC from the domestic market led to lower imports. 13,400 tonnes of suspension were shipped to foreign markets in June, whereas this figure was 16,400 tonnes a year earlier. Overall, over 80,000 tonnes of PVC were shipped for export in January-June 2019 versus 84,700 tonnes a year earlier.