12 January 2013 03:05 [Source: ICIS news]
HOUSTON (ICIS)--Polyvinyl chloride (PVC) domestic prices in Mexico rose by as much as 3 cents/lb ($66/tonne, €50/tonne) in January, on support from regional market dynamics, tight supply and hike initiatives from the local producer and US exporters, sources said on Friday.
January PVC prices after the increase are assessed at $1,060-1,110/tonne DEL (delivered) for pipe-grade.
Domestic resin prices for December rolled over from November.
Participants noted concern about US producer PPG Industries’s declaration of force majeure on feedstock vinyl chloride monomer (VCM) and caustic soda at its complex in Lake Charles, Louisiana, after a fire on 24 December, resulting in Mexichem’s declaration of force majeure on PVC.
PVC supply remains snug in North America, but availability in Mexico is expected to normalise by end January, sources said.
Mexichem is the PVC producer in Mexico.
($1 = €0.75)
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