01 November 2012 21:22 [Source: ICIS news]
HOUSTON (ICIS)--Polyvinyl chloride (PVC) prices in Brazil could hold steady in November despite the softening trend in other regions, because of production issues resulting from a power outage late last week, local sources said on Thursday.
Fire at a substation transformer resulted in a controlled shutdown affecting several states in northeastern Brazil, according to government officials.
October PVC prices in Brazil were assessed at $1,600-1,790/tonne (€1,232-1,378/tonne) DEL (delivered) for pipe grade, up by 6% from September on higher feedstock costs in the Americas and other global regions.
PVC demand in Brazil improved from the first half of 2012, but is 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.
PVC producers in Brazil are Braskem and Solvay.
($1 = €0.77)
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