05 October 2012 20:07 [Source: ICIS news]
HOUSTON (ICIS)--Price increases of 5-8% are being discussed for October polyvinyl chloride (PVC) in Brazil, supported by firm resin and feedstock markets in the Americas and other global regions, local sources said on Friday.
No blanket announcement was heard, as negotiations are carried out on a customer-to-customer basis, according to the sources.
September PVC prices rose by an average of 8% on partial success of proposed 12% increases, after a 5% boost in August.
Demand has improved from the first half of 2012, but is still below seasonal expectations, sources said. Infrastructure projects for the 2014 World Cup and 2016 Summer Olympics are proceeding at a slow pace and are not yet consuming significant PVC volumes.
Pipe-grade PVC domestic prices in Brazil are assessed at $1,510-1,690/tonne (€1,163-1,301/tonne) DEL (delivered).
PVC producers in Brazil are Braskem and Solvay.
($1 = €0.77)
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