Rising costs drive proposed August PVC price increase in Brazil

27 July 2012 22:54  [Source: ICIS news]

HOUSTON (ICIS)--A polyvinyl chloride (PVC) producer in Brazil is proposing a 10% price increase for August on rising production costs, market sources said on Friday.

Although participants are aware that upward pressure from raw materials and thin margins are driving the producer’s initiative, buyers are resisting the hike, citing weak demand in a soft economy.

Participants, however, are projecting rising PVC consumption in the second half of 2012 on seasonality, because September, October and November are usually the best demand months throughout the Brazilian economy.

July PVC prices are assessed at $1,330-1,500/tonne (€1,077-1,215/tonne) DEL (delivered) for pipe grade, flat from June, while prices in other Latin American countries dropped this month.

PVC producers in Brazil are Braskem and Solvay.

($1 = €0.81)


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