14 October 2011 21:34 [Source: ICIS news]
Colombian resin is currently being shipped by land and sea to cover
Industry participants said the imports from
PVC produced by Pequiven continues to be sold to the domestic market at the assessed level of $737–750/tonne
Domestic resin remains tight, with private industry receiving 80% of normal requirements, since Pequiven is delivering around 2,700 tonnes/month for the construction of subsidized low-cost housing with a high PVC content, called petro-casas.
According to government projections, Pequiven’s contribution to the petro-casas will gradually increase through 2012. By 2013, all of Pequiven’s PVC production will be assigned to the petro-casas. As resin deliveries for petro-casas increase, Pequiven’s sales of domestic resin to private industry will proportionately decline.
($1 = €0.72)
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