Mexico PVC prices stable despite tight spot import market

31 January 2011 22:18  [Source: ICIS news]

HOUSTON (ICIS)--Polyvinyl chloride (PVC) prices in Mexico remain stable despite a tight import spot market, local sources said on Monday.

However, contract volumes were still being shipped on schedule, the sources added.

Georgia Gulf and Occidental are said to have limited or no PVC available for Mexico spot business in February. Occidental was attempting to raise PVC prices into Mexico by $40/tonne (€30/tonne) on short supply, while Georgia Gulf had no spot material available, participants in Mexico said.

The only local PVC producer, Mexichem, was heard maintaining resin prices unchanged into February, despite talk of restricted supply and higher prices of PVC imports.

According to the sources, Mexichem is concerned over maintaining or increasing market share in the face of a robust Formosa presence with US resin in Mexico.

Inland pipe-grade PVC prices in Mexico stand at $1,140-1,190/tonne DEL (delivered), as assessed by ICIS.

($1 = €0.74)

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By: Ron Coifman
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