US VCM spot prices move up $10/tonne

04 April 2008 00:50  [Source: ICIS news]

HOUSTON (ICIS news)--US vinyl chloride monomer (VCM) spot prices edged up $10/tonne (€6/tonne) this week on tightening supply conditions, sources said on Thursday.

The increase pushed US VCM spot prices into the $780-820/tonne FOB (free on board) US Gulf range, according to global chemical market intelligence service ICIS pricing.

Participants said that while demand from buyers in Mexico and Central America has been stable, key outages at North American VCM plants have limited the amount of material available on the merchant market.

Those plant outages include a Georgia Gulf plant in Lake Charles, Louisiana, that was damaged by a fire in November, and a Petroleos Mexicanos (Pemex) VCM plant on Mexico’s Gulf coast that began a gradual restart last week after scheduled maintenance.

VCM is the immediate feedstock for the production of polyvinyl chloride (PVC), a thermoplastic polymer used in a variety of construction and manufacturing applications.

US VCM producers include Georgia Gulf, Occidental Chemical, Dow Chemical, Formosa and PPG Industries.

($1.00 = €0.64)

For more on VCM visit ICIS chemical intelligence

 


By: Greg Holt
+1 713 525 2653



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