Mexico March 3 cent/lb PVC hike proposals gain ground on supply

02 March 2012 00:05  [Source: ICIS news]

HOUSTON (ICIS)--Polyvinyl chloride (PVC) resin buyers in Mexico are accepting the 3 cent/lb ($66/tonne, €50/tonne) price increases targeted for March with little if any resistance because of tight supply, sources said on Thursday.

The US and Mexico continue exporting PVC to Europe and Asia, crimping volumes offered into Mexico, sources said

Some US producers have limited export availability into Mexico this month, and others have none, while the slowly improving US economy is also absorbing more resin, participants said.

Domestic pipe-grade PVC prices in Mexico are assessed at $1,060-1,110/tonne DEL (delivered) for February after rising $50/tonne from January.

Mexichem is the only domestic PVC producer in Mexico.

($1 = €0.75)

By: Ron Coifman
+1 713 525 2653

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