20 April 2012 23:35 [Source: ICIS news]
HOUSTON (ICIS)--Domestic prices for polyvinyl chloride (PVC) in Venezuela are projected to rise once imported resin arrives and begins selling in the local market, probably starting in late May, sources said on Friday.
Sources said that a significant portion of the planned 9,000 tonnes to be imported by Venezuela in May, June and July has been concluded with a major US supplier.
Currently, the Venezuelan market is being served with domestic product at stable prices mandated by government controls.
In April, PVC prices in Venezuela are assessed at $737/tonne (€560/tonne) for pipe grade and $788/tonne for general purpose, reflecting business done exclusively with cheaper Pequiven-produced resin, according to local sources.
With the 88% domestic to 12% imported mix, PVC prices for early March were assessed at $834/tonne DEL (delivered) for pipe grade and $869/tonne DEL for general purpose, down from $882/tonne DEL and $923/tonne DEL, respectively, in February, and $955/tonne DEL and $991/tonne DEL in January.($1 = €0.76)
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