Mexico May PVC prices could roll over

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)

By: Ron Coifman
+1 713 525 2653

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index