12 April 2011 22:13 [Source: ICIS news]
HOUSTON (ICIS)--US exports of polyvinyl chloride (PVC) in February increased by 5% to 214,955 tonnes compared with 205,524 tonnes in February 2010, according to the US International Trade Commission (ITC) data released on Tuesday.
Month on month, total US exports in February 2011 were down by 7%, compared with 230,111 tonnes exported in January.
The top three destinations for US PVC exports through February were Canada, Turkey and China, according to the ITC.
US exports to Turkey more than doubled month on month to 32,782 tonnes, up from 14,651 tonnes in January.
Russia also increased its purchases from the US to 20,845 tonnes in February, up by 68% from 12,411 tonnes in January.
US exports to China, however, dropped by 23% to 18,489 tonnes in February from 23,922 tonnes in January.One US PVC distributor attributed the drop to weaker demand in China and "better prices" in South America.
Market participants expect March’s export figures to reflect an increase in US exports, given the Japanese earthquake and tsunami that disrupted PVC production in the region.
The lucrative pull of US PVC material for the export market has kept the domestic spot supply tight, sources said.
US PVC producers include Formosa Plastics, Georgia Gulf, Westlake and Shintech.
($1 = €0.69)
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