19 June 2008 22:12 [Source: ICIS news]
HOUSTON (ICIS news)--US polyvinyl chloride (PVC) export spot prices surged this week due to feedstock cost pressure and growing seasonal demand, sources said on Thursday.
PVC export spot deals were heard done as high as $1,185/tonne (€758/tonne) FOB (free on board) US Gulf this week, with most deals falling within the $1,160-1,180/tonne range.
Those prices are up from last week’s assessment of $1,070-1,100/tonne FOB US Gulf, according to global chemical market intelligence service ICIS pricing.
Producers and traders said global demand for vinyl products has strengthened amid an increase in construction activity, but the main driver is rising prices for feedstock ethylene, a commodity closely linked to the surging energy complex.
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