06 November 2008 23:18 [Source: ICIS news]
HOUSTON (ICIS news)--Domestic polyvinyl chloride (PVC) prices in Mexico fell by 6 cents/lb for November due to weakening demand and declining feedstock costs, producers said on Thursday.
PVC prices in Mexico for November were 70-72 cent/lb ($1,543-1,587/tonne or €1,188-1,222/tonne) for pipe grade resin and 74-76 cents/lb for general purpose grade material, market participants said.
Producers said November prices have dropped even further from the month prior in terms of the Mexican peso, which depreciated in value against the US dollar in October.
However, producers said the economic downturn has weakened demand for vinyl construction materials, and they hoped lower prices would help improve sales. Domestic PVC prices in Mexico have followed an upward trajectory for most of this year.
PVC producers in Mexico include Mexichem and Cydsa.
($1 = €0.77)
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