US PVC exports in April fall 14.6% year-on-year

08 June 2012 21:01  [Source: ICIS news]

HOUSTON (ICIS)--US polyvinyl chloride (PVC) exports were 205,628 tonnes in April, down 14.6% from the same month one year earlier, according to US International Trade Commission (ITC) data released on Friday.

 

Exports in April were also 17.2% lower than the 248,464 tonnes shipped in March, the ITC said.

 

While exports of PVC have generally been more robust than the domestic market in recent months, activity has dropped off markedly as buyers have waited to see how far a recent drop in prices might go.

 

Canada was the top destination for US PVC exports in April at 33,719 tonnes, followed by Mexico, China and Turkey, the ITC said.

 

US PVC export prices were assessed at $880-950/tonne (€695-751/tonne) FOB (free on board) US Gulf last week.

 

Major US PVC producers include Westlake Chemical, Occidental Chemical, Formosa Plastics, Shintech and Georgia Gulf.


($1 = €0.79)


By: Ken Fountain



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