10 November 2011 22:07 [Source: ICIS news]
HOUSTON (ICIS)--US polyvinyl chloride (PVC) exports were 10% lower in September than August, according to data released on Thursday by the US International Trade Commission (ITC).
PVC exports in September totalled 254,711 tonnes, compared with the August figure of 283,091 tonnes, according to the ITC.
US PVC export prices are at $750–820/tonne (€555–607/tonne) FOB (free on board) USG (US Gulf), as assessed by ICIS.
The decline in exports volumes is in line with falling US PVC export prices, which have declined on a steady trajectory since late May.
US PVC prices hit a peak in the mid-$1,200s/tonne at that time, after global positions were covered following concerns on potential supply shortfalls after the Japanese earthquake and tsunami.
China was the top destination for US material in September, receiving 43,285 tonnes. This was a 15% uptick compared with August. Year on year, exports to China more than doubled from 15,695 tonnes.
Exports in September were up by 7% compared with the same month a year ago, when the US exported 238,863 tonnes.
($1 = €0.74)
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