US PVC export, contract prices rise on firm demand

22 April 2011 22:22  [Source: ICIS news]

HOUSTON (ICIS)--US polyvinyl chloride (PVC) export prices were assessed higher from last week on strong demand, sources said on Friday.

The export range was moved higher by $30/tonne (€21/tonne) on the low end to $1,200-1,250/tonne FOB (free on board) USG (US Gulf).

Demand for PVC from Asia and South America has sustained US exports throughout the first quarter.  As a result, producers say that supply has been tight.

However, one market participant said overall US demand for PVC continued to lag, although niche applications saw more stable business, particularly in automotive applications, medical end-uses and consumer packaging.

In the wake of upward movement in exports prices, US March contracts rose by 3 cents/lb DEL (delivered) from February for pipe and general-purpose material to settle at 49-54 cents/lb DEL for pipe and 51-56 cents/lb for general-purpose material.

($1 = €0.69)

Paul Hodges studies key influencers shaping the chemical industry in Chemicals and the Economy
For more on polyvinyl chloride visit ICIS chemical intelligence

By: Ruth Liao
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