07 September 2012 00:01 [Source: ICIS news]
HOUSTON (ICIS)--A producer has proposed a 12% increase for September polyvinyl chloride (PVC) in Brazil, while a buyer said on Thursday that an 8% may be more in line with market trends.
Market participants in Brazil noted that higher prices in Brazil are supported by the global trend for the resin and by rising feedstock costs.
Feedstock ethylene prices in the US were up by 3 cents/lb ($66/tonne, €52/tonne) in July and 4 cents/lb in August.
Additionally, firm PVC prices in the US and a slowdown in shipments from the US caused by Hurricane Isaac are driving higher prices in the Americas.
August pipe-grade PVC prices in Brazil are assessed at $1,400-1,570/tonne DEL (delivered).
PVC producers in Brazil include Braskem and Solvay.
($1 = €0.79)
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