27 July 2012 00:20 [Source: ICIS news]
HOUSTON (ICIS)--Polyvinyl chloride (PVC) for export from Colombia to other countries in Latin America is being offered at increases of $70-80/tonne (€57-66/tonne) for August shipment, driven by thinning inventories, the firming trend in the US Gulf and other regions and higher crude oil futures prices, regional sources said on Thursday.
Participants said that domestic and export demand rose because resin stocks had thinned as consumers waited for PVC prices to reach bottom.
Processors in Latin America increased purchases as PVC prices trended up.
However, recent buying interest is not considered “real demand”, as industrial processing activity in July is steady from June, according to regional participants.
Export PVC for August from Colombia is quoted at $1,070-1,090/tonne CFR (cost and freight) South America except Brazil, and at $1,100-1,120/tonne CFR Brazil, sources in Latin America said.
PVC producers in Latin America are Braskem, Solvay and Mexichem.
($1 = €0.82)
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