04 May 2012 00:06 [Source: ICIS news]
HOUSTON (ICIS)--Mexican prices for May polyvinyl chloride (PVC) will likely roll over because of weak demand, sources in Mexico said on Thursday.
Earlier in Mexico, market talk in late April had pointed to US export offers that were 1-2 cents/lb ($22-44/tonne, €17-33/tonne) higher for May, although price increases for May PVC were not formally announced.
Meanwhile, the domestic producer was not heard raising PVC prices for May, according to the sources.
Because of the lack of any firm pricing initiative, PVC consumers are projecting a rollover for prices in May from April.
In April, PVC prices for pipe-grade were assessed at $1,180-1,230/tonne DEL (delivered), an average increase of $50/tonne from March.
The PVC producer in Mexico is Mexichem.
($1 = €0.76)
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