US PVC offers to Latin America rise on supply/demand
12 January 2012 23:17 [Source: ICIS news]
HOUSTON (ICIS)--Offers of polyvinyl chloride (PVC) to ?xml:namespace>Latin America from US suppliers are rising on tightening supply and firm demand, market sources said on Thursday.
In countries along the Pacific coast of South America, PVC was quoted this week higher by $30-40/tonne from December.
In Mexico, a target for substantial volumes of US resin, PVC is being offered at a 3 cent/lb ($66/tonne, €52/tonne) increase in January, although some sources said the effective increase implemented this month is closer to $40-50/tonne.
An additional 2 cents/lb hike has been announced in Mexico for February.
Tight US resin supplies are driving the success of the initiatives in Latin America, regional market participants said.
Local sources said that US PVC suppliers are sold out through mid-February, following destocking throughout the Americas toward the end of December.
December pipe-grade PVC prices in Mexico are assessed at $970-1,020/tonne DEL (delivered) for pipe-grade, as assessed by ICIS.
Shintech, Georgia Gulf, Westlake, Occidental Chemical are PVC producers in the US.
($1 = €0.79)
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