09 September 2011 21:40 [Source: ICIS news]
The price negotiated was not available.
A first shipment of 4,000–5,000 tonnes of mostly pipe and fittings grades of PVC is expected to arrive in
Meanwhile, Pequiven is rationing domestic-resin shipments to private industry to 75–80% of historical consumption, as the government steps up the production of subsidised low-cost houses with a high PVC content, called petro-casas.
The petro-casas project will be supplied exclusively with resin produced by Pequiven, while private industry will receive imported PVC complemented with some domestic product through 2012. Eventually, all domestic production will be targeted exclusively to the petro-casas.
Pequiven’s production rates are normal, but the company is rationing resin shipments to private industry until PVC imports arrive once negotiations for the imports are concluded.
Pequiven plans to import 13,000 tonnes of PVC during the second half of 2011, with 6,000 tonnes to supply the needs of the private sector in
Private industry sources said Pequiven is currently shipping about 2,000 tonnes/month of PVC for the production of petro-houses and will eventually dedicate all of its production to the project, which will include the manufacture of wall panels, doors, shelves and window and door frames.
Eight plants will be involved in the production of petro-houses, according to government announcements. Three plants are currently operating, two in the city of
PVC prices in the domestic market have been low since the beginning of the year at $737–750/tonne
($1 = €0.72)
For more on PVC visit ICIS chemical intelligence
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