06 October 2011 03:37 [Source: ICIS news]
Correction: In the ICIS story headlined “Mexico PVC prices fall on depreciating currency, soft US market” dated 6 October 2011, please read in the second paragraph … ($44/tonne, €33/tonne) … instead of … ($2,200/tonne, €1,650/tonne) …. A corrected story follows.
MEXICO CITY (ICIS)--?xml:namespace>
Market players in
The negotiations are ongoing and the PVC prices for October in
The depreciation of the local currency against the US dollar in the past two months has dampened downstream demand for finished goods as sales are transacted in devalued Mexican pesos.
As a result, the demand for PVC resins has been declining since August, although a large volume of transactions is finalised in US dollars at the resins level in
The demand for PVC in the
Trade activity in the
Meanwhile, the prices of PVC in the
Under the current economic conditions, the stable prices in the
($1 = €0.75)
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