November PVC prices fall by 2 cents/lb in Mexico

02 November 2012 22:29  [Source: ICIS news]

HOUSTON (ICIS)--November pipe-grade polyvinyl chloride (PVC) domestic prices in Mexico are assessed down by 2 cents/lb ($44/tonne, €34/tonne) on Friday, as a result of downward pressure from weakening demand and global market dynamics, according to input from local participants.

After the decrease, pipe-grade PVC prices for November in Mexico’s domestic market are assessed at $1,175-1,225/tonne DEL (delivered).

Demand is expected to slow toward year end as participants through the production chain manage inventories for tax purposes.

Resin prices rose by 4 cents/lb in October, driven by increasing feedstock costs.

The domestic producer in Mexico is Mexichem.

($1 = €0.77)

By: Ron Coifman
+1 713 525 2653

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