APLA ’12: PVC demand in Brazil is projected to grow by 6% in 2013
13 November 2012 15:40 [Source: ICIS news]
RIO DE JANEIRO (ICIS)--Braskem is expecting polyvinyl chloride (PVC) demand in ?xml:namespace>Brazil to grow by 6% in 2013 after experiencing 3% growth in 2012, a company source said on Tuesday.
Domestic PVC prices in Brazil rolled over for November from October, the source said on the sidelines of the Latin American Petrochemical Association (APLA) annual meeting.
A decision for December has not been made. However, December pricing in Brazil is expected to follow direction from projected weakening in Asian PVC markets.
Pipe-grade PVC prices in Brazil are assessed at $1,600-1,790/tonne DEL (delivered)
PVC production is normal in Brazil. A blackout that caused Braskem to briefly stop PVC production about three weeks ago had no major effect on resin supplies, the source said.
Feedstock vinyl chloride monomer (VCM) is also being produced normally and on-spec at the new Braskem plant that began production this year, according to the source.
The APLA conference ends on Tuesday.
$1 = €0.79By: Ron Coifman+1 713 525 2653
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