26 January 2013 00:10 [Source: ICIS news]
HOUSTON (ICIS)--Polyvinyl chloride (PVC) prices in Brazil are assessed up by around 8% for January on strong demand and tight supply, sources said on Friday.
An additional 12% increase is being discussed for February, the sources added.
Resin supply remains tight throughout the production chain, but Braskem said that its PVC plants are running normally and availability is expected to catch up with demand in about four weeks.
To cover the country’s PVC requirements during maintenance scheduled in April at all of Braskem’s PVC production plants, the company is importing resin in January and February. All PVC imports should be ready for distribution by March, ahead of the turnarounds.
PVC domestic prices for pipe grade are assessed at $1,720-1,930/tonne (€1,290-1,448/tonne) DEL (delivered) after the January increases.
PVC producers in Brazil are Braskem and Solvay.
($1 = €0.75)
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