PVC imports in Venezuela offered at twice the price of domestic

23 November 2011 19:43  [Source: ICIS news]

HOUSTON (ICIS)--Recently arrived polyvinyl chloride (PVC) imports in Venezuela are being offered at twice the price of domestic resin, sources said on Wednesday.

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

By: Ron Coifman
+1 713 525 2653

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