05 March 2009 21:54 [Source: ICIS news]
HOUSTON (ICIS news)--US polyvinyl chloride (PVC) contracts for February settled up 3 cents/lb, buyers and sellers said on Thursday.
The increase brings the price for pipe-grade resin up to 54-56 cents/lb ($1,190-1,235/tonne or €940-975/tonne).
Sources said the initial 5 cent/lb February price hike nominated by producers was split across February and March, with the remaining 2 cent/lb increase to be implemented for March contracts.
($1 = €0.79)For more on PVC, visit ICIS chemical intelligence
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