15 November 2012 22:07 [Source: ICIS news]
HOUSTON (ICIS)--Polyvinyl chloride (PVC) prices in Argentina are dropping by $50/tonne in November or December, depending on the buyer, following direction from other Latin American countries and lower-priced offers from the US, local sources said on Thursday.
Sources said that some consumers are receiving lower prices in November while others will not see the reduction until December, but the reason for the difference in implementation dates was not clear.
Industry talk initially pointed to a rollover in November from October.
PVC imports from the US are scheduled to arrive in November, December and January, according to local participants.
Prices for PVC increased by $40/tonne in October and $30/tonne in September.
PVC supplies are in balance with restrained demand, as commercial and industrial activities are restricted by government controls on the purchase of foreign currency to pay for imports of raw materials and machinery.
PVC prices in Argentina before the November decrease are assessed at $1,400-1,550/tonne (€1,092-1,209/tonne) DEL (delivered) for pipe grade.
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($1 = €0.78)
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