Mexico December PVC prices rise $50/tonne on US and domestic offers
08 December 2011 23:22 [Source: ICIS news]
HOUSTON (ICIS)--Polyvinyl chloride (PVC) domestic prices in ?xml:namespace>Mexico rose by $50/tonne (€38/tonne) in December from November, on firmer offers from US suppliers and the domestic producer, sources said on Thursday.
Before this month’s increases, end-November pipe-grade PVC prices were assessed at $920–970/tonne DEL (delivered), at a time when PVC prices appeared to have bottomed out, according to local participants.
Market talk persists of higher prices in the near future, which is maintaining healthy demand levels in Mexico, even as participants initiate year-end de-stocking to minimise taxes, industry sources said.
The year-end holidays, which in Mexico extend to the first or second week of January, may place a damper on business activity, sources said.
December resin exports from Mexico are assessed at $890–920/tonne CFR (cost and freight) Turkey/Europe/India for pipe-grade, a $10/tonne increase at the bottom end of the range from November.
Mexichem is the PVC producer in Mexico.
($1 = €0.75)
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