06 September 2012 23:17 [Source: ICIS news]
HOUSTON (ICIS)--Polyvinyl chloride (PVC) prices in Mexico are assessed up by 4 cents/lb for September on initiatives from the domestic producer as well as from US suppliers, supported by rising feedstock costs, local market sources said on Thursday.
The increase was driven by high feedstock ethylene prices in the US, which rose by 3 cents/lb ($66/tonne, €52/tonne) in July and 4 cents/lb in August. Firm PVC prices in the US and a slowdown in shipments from the US caused by Hurricane Isaac also supported the initiative in Mexico.
Additional increases of 3-5 cents/lb are already being talked for October, sources said.
PVC demand in Mexico is at healthy levels, sources said.
After the increase, September prices for pipe-grade PVC in Mexico’s domestic market are assessed at $1,130-1,180/tonne DEL (delivered).
The domestic producer in Mexico is Mexichem.
($1 = €0.79)
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