21 December 2012 23:27 [Source: ICIS news]
HOUSTON (ICIS)--US polyvinyl chloride (PVC) export prices are assessed higher as sources said on Friday that availability was tighter and feedstock prices were rising after a set of unplanned outages.
Export prices for PVC are assessed at $925-950/tonne (€703-722/tonne).
Meanwhile, contract values for PVC rolled over in December from November. Pipe-grade PVC is assessed at 57-62 cents/lb, while general purpose PVC is assessed at 59-64 cents/lb.
Market sources said domestic demand for PVC has risen in recent weeks, particularly from the key homebuilding sector. As domestic demand increases, availability to the export market is constricted.
On Friday, prices for primary feedstock ethylene were up to 53.50-54.24 cents/lb, versus 50.75-52.50 cents/lb a week earlier, lifted by a cracker outage in Louisiana that followed other unplanned outages.
Major US producers of PVC include Formosa, Georgia Gulf, OxyVinyls, Shintech and Westlake.
($1 = €0.76)
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