US PVC export prices rise on tight supply, feedstocks – traders

25 February 2011 20:38  [Source: ICIS news]

HOUSTON (ICIS)--US polyvinyl chloride (PVC) export prices are moving up given tight supply, surging crude and fickle ethylene prices, sources said on Friday.

“It’s a supplier’s market,” one trader source said.

US PVC exports are assessed by ICIS at $940-960/tonne (€677-691/tonne) FOB (free on board) US Gulf. Deals were heard concluded at the high end of the range, sources said.

Market sources said export prices were talked as high as the upper $900s/tonne FOB USG, with offers as high as $1,000/tonne FOB USG.

In the domestic contract market, three US polyvinyl chloride (PVC) producers are seeking 3 cent/lb ($66/tonne) increases for March, while February contract discussions remained ongoing, sources said.

One trade participant said February contracts were heading toward a rollover. Others said the contract market was difficult to discern. No price announcements emerged for February.

According to the US International Trade Commission (ITC), PVC exports for 2010 were up 28% from 2009, according to trade data.

In 2010, Canada was the top destination for US PVC exports, followed by China and Turkey.

Major US PVC producers include Formosa Plastics, Georgia Gulf, Shintech and Westlake.

($1 = €0.72)

Paul Hodges studies key influencers shaping the chemical industry in Chemicals and the Economy
For more on polyvinyl chloride visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect

By: Ruth Liao
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