18 January 2013 20:02 [Source: ICIS news]
HOUSTON (ICIS)--Polyvinyl chloride (PVC) consumers in Brazil are discussing 6-8% price increases for January resin on a proposed 10% hike, driven by tight supply and regional market dynamics, sources said on Friday.
Demand is strong, but inventories throughout the production chain are low as a result of problems that arose after a power blackout two months ago.
Braskem said its PVC plants are running normally and expects supply to come into balance with demand in three to four weeks.
Braskem has scheduled PVC imports to arrive in January and February to fulfil Brazil’s requirements while its PVC production plants undergo maintenance turnarounds in April. Braskem expects the imports to be fully nationalised by March and be ready for sale before the April turnarounds.
December PVC domestic prices for pipe grade are assessed at $1,600-1,790/tonne (€1,200-1,343/tonne) DEL (delivered).
PVC producers in Brazil are Braskem and Solvay.
($1 = €0.75)
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