10 February 2010 22:04 [Source: ICIS news]
HOUSTON (ICIS news)--US polyvinyl chloride (PVC) exports were 2,126,804 tonnes in 2009, up 56% from 1,367,390 tonnes in 2008, according to US International Trade Commission (ITC) data released on Wednesday.
Hong Kong and India led all export destinations, going from virtually nothing the previous year to a combined total of 180,804 tonnes during 2009.
US PVC producers have wrestled with weak domestic demand, stemming largely from floundering construction segments and ongoing stalled credit conditions in the wider economy.
As a consequence, producers were very actively exporting to regions in need of PVC pipe and vinyl construction materials, such as the growing economies in China and India.
US PVC exports were last assessed in an $890-930/tonne (€650-679/tonne) FOB (free on board) US Gulf spread, about $60/tonne higher than the previous assessment, according to global chemical intelligence service ICIS pricing.
US PVC producers include Westlake Chemical, Occidental Chemical, Georgia Gulf, Shintech and Formosa Plastics.
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