18 February 2012 00:16 [Source: ICIS news]
HOUSTON (ICIS)--Polyvinyl chloride (PVC) prices in Mexico are poised to rise in March by 3 cents/lb ($66/tonne, €50/tonne) on steady demand, tightening supply and rising prices of upstream ethylene, local sources said on Friday.
Mexichem, as well as US exporters, are targeting the March increases in Mexico, according to market participants.
Sources on both sides of negotiations said the proposed hikes will probably be implemented at close to the targeted levels, driven by market dynamics in the North America.
In Mexico, PVC values rose in early February from January by $50/tonne, driven by 2-3 cent/lb hike initiatives and higher feedstock costs, participants said.
Domestic PVC pipe grade prices in Mexico as assessed by ICIS stand at $1,060-1,110/tonne DEL (delivered).
($1 = €0.76)
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