05 October 2011 03:31 [Source: ICIS news]
MEXICO CITY (ICIS)--Mexico’s polyvinyl chloride (PVC) market in Mexico declined in September this year from August, driven by weak sentiment in the US and the global markets, a PVC additives distributor said on Tuesday.
In addition, the high prices and tight availability of raw materials, such as dioctyl phthalate (DOP) plasticiser, contributed to the poor demand for PVC additives, Mexican PVC distributor Charlotte Chemical said on the sidelines of the 17th annual PLASTIMAGEN international plastics exposition and conference.
The depreciation of the Mexican peso against the US dollar over the past three months is making the PVC additives more expensive as local prices were revised up correspondingly, the company added.
The PVC market is expected to slow down towards the end of this year.
However, market participants said they are expecting a slight improvement in the fourth quarter compared with the same period in 2010.
According to Charlotte Chemical, it is too early to forecast business into 2012, but this will depend on the development of the global economy.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections