20 December 2012 23:41 [Source: ICIS news]
HOUSTON (ICIS)--January export offers of Colombian polyvinyl chloride (PVC) are projected to rise by $80/tonne (€60/tonne) on firming resin and feedstock prices and tightening supply in the US, sources said on Thursday.
Colombian export PVC prices for December are at assessed at $1,020-1,030/tonne CFR South America except Brazil, unchanged from November, and $1,100-1,120/tonne CFR Brazil, down by $30/tonne from November.
PVC prices in Colombia for the domestic market will probably rise in January, according to participants, but the amount of the increase has not been established yet.
Other Latin American PVC markets are also projected to firm in January, following the lead from rising US prices.
US spot material has been very tight in December, according to market participants throughout the Americas, while domestic demand in the US and export demand from China were said to be up from moderate activity in previous months.
Sources assigned the demand increase in the US to the gradual economic recovery, along with the upcoming reconstruction efforts in the east coast following the destruction from storm Sandy. Additionally, participants are expecting stronger purchasing activity early in 2013 because inventories in the Americas are thin throughout the production chain on year-end destocking.
The domestic PVC producer in Colombia is Mexichem.
($1 = €0.75)
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