APLA ’12: Proposed price hikes heard for Brazil November PVC

11 November 2012 17:45  [Source: ICIS news]

RIO DE JANEIRO (ICIS)--Talk of a possible 5% increase was heard for November polyvinyl chloride (PVC) in Brazil, a market participant said on Sunday.

However, the price increase proposal for November has not been confirmed.

Until late last week, participants projected steady PVC prices in Brazil for November and probable decreases for December.

Those projections were supported by expectations of declining demand toward the end of the year, caused by seasonal destocking that takes place throughout the Americas, the source said.

PVC market direction in Brazil for the end of the year has since become uncertain, according to the source.

Demand in Brazil remains weak, despite the recent talk of shorter supply and higher prices, the source said.

Infrastructure projects for the 2014 Soccer World Cup and the 2016 Summer Olympics are proceeding slowly. Participants noted only nominal progress on infrastructure work being considered for ports, roads and warehousing.

Pipe-grade PVC domestic prices in Brazil are assessed at $1,600-1,790/tonne (€1,248-1378/tonne) DEL (delivered).

PVC producers in Brazil include Solvay and Braskem.

The APLA conference ends on Tuesday.

($1 = €0.79)

By: Joseph Chang
+1 713 525 2653

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