US Georgia Gulf proposes 3 cent/lb PVC hike on tighter supply

07 December 2012 19:02  [Source: ICIS news]

HOUSTON (ICIS)--US vinyls producer Georgia Gulf proposed on Friday a 3 cent/lb ($66/tonne, €51/tonne) contract price increase for polyvinyl chloride (PVC), effective on 1 January or as contracts allow.

A company source cited general snugness in supply, brought on by both planned and unplanned outages as well as increasing domestic demand, for the proposed increase.

Pipe-grade PVC is assessed by ICIS at 57-62 cents/lb and general purposed PVC is assessed at 59-64 cents/lb.

No other announcements had been heard by market sources.

An earlier round of price increase announcements by producers for November were not fully implemented.

Major US producers of PVC include Georgia Gulf, Formosa, OxyVinyls, Shintech and Westlake.

($1 = €0.77)

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By: Ken Fountain



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