11 July 2012 23:29 [Source: ICIS news]
HOUSTON (ICIS)--US polyvinyl chloride (PVC) exports in May were 235,745 tonnes, up 6.4% from the 221,468 tonnes shipped in the same month last year, the US International Trade Commission (ITC) said on Wednesday.
Exports in May were also 14.6% higher than the 205,628 tonnes shipped in April, the ITC said.
Exports of PVC showed some rebound after declining earlier in the year. Buyers have recently begun purchasing again after waiting to see how far prices would drop, market participants said.
Tonnage sent to the main export market, Canada, fell slightly, but the next two most important markets, Egypt and Mexico, both took substantially higher volumes in May.
Egypt's figure rose from 8,256 tonnes in May last year to 19,121 tonnes this year and Mexico's volume rose from 10,502 tonnes to 18,915.
Although a much smaller market, the United Arab Emirates bought almost three times the volume it imported from the US in May last year, taking 6,835 tonnes instead of 2,421.
Imports hardly moved year on year, falling by four tonnes to 20,589 in May this year, although that figure was 23% lower than the total of 26,842 tonnes shipped to the US in April.
Canada was once again the main source of PVC imports, dispatching 13,252 tonnes of the total for May, followed by Germany, Colombia and Mexico.
US PVC export prices were assessed by ICIS at $800-855/tonne (€656-701/tonne) FOB (free on board) US Gulf last week.
Major PVC producers in the US include Westlake Chemical, Occidental Chemical, Formosa Plastics, Shintech and Georgia Gulf.
($1 = €0.82)Follow Ken Fountain on Twitter
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections