23 November 2011 19:43 [Source: ICIS news]
HOUSTON (ICIS)--Recently arrived polyvinyl chloride (PVC) imports in ?xml:namespace>
Local PVC producer Pequiven is quoting pipe and general-purpose grades imported from Colombia and the US at $1,463/tonne (€1,083/tonne), a price more in line with international levels than its list price for domestic resin.
Domestic product continues to be offered at $737/tonne for pipe grade, local sources said.
Pequiven is supplying private industry’s PVC requirements in a tiered schedule, 40% imported material and 60% domestic.
Venezuela is in the process of receiving 4,000 tonnes of PVC from Colombia and 9,000 tonnes from the US.
Pequiven purchased the PVC from Colombia and the US at around $1,160/tonne CFR (cost and freight), according to regional sources.
The balance of Pequiven’s domestic product is targeted for the construction of the petro-casas, which are low-cost subsidised houses.
($1 = €0.74)
For more on PVC visit ICIS chemical intelligence
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