US Westlake seeks 5 cent/lb PVC increase for 1 September

02 August 2012 21:06  [Source: ICIS news]

HOUSTON (ICIS)--US chlor-alkali producer Westlake is seeking a 5 cent/lb ($110/tonne, €90/tonne) increase for domestic polyvinyl chloride (PVC) contracts, effective 1 September, a company source said on Thursday.

Two other producers have announced similar increases, sources said, but those were not confirmed.

Pipe-grade PVC is assessed at 51-56 cents/lb, and general purpose PVC at 54-58 cents/lb.

The Westlake source said the increase is based on a two factors. First, domestic demand for PVC, which is used widely in home construction, tends to rise in autumn  before dropping in the winter.

Second, the price for primary feedstock ethylene has rebounded in recent weeks after dropping in the previous months.

The source said the proposed increase is driven mostly by cost factors, as demand for PVC is said to be still steady but not strong.

 

($1 = €0.82)

 
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By: Ken Fountain



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