31 January 2013 23:34 [Source: ICIS news]
HOUSTON (ICIS)--Two US-based producers of polyvinyl chloride (PVC) have announced new price initiatives for March contracts, adding to or adjusting previously announced hikes for February, sources confirmed on Thursday.
Georgia Gulf announced a 3 cent/lb ($66/tonne, €49/tonne) increase for contracts effective 1 March. That is on top of the previous 3 cent/lb increase the company announced for February contracts.?xml:namespace>
Westlake, meanwhile, restated its 3 cent/lb increase for February contracts and announced a 3 cent/lb increase for March contracts.
Pipe grade PVC is assessed by ICIS at 57-62 cents/lb, and general purpose PVC is assessed at 59-64 cents/lb.
Sources at both companies cited snugness in supply caused by planned and unplanned outages, increasing demand and increasing costs for the new announcements.
Other major US producers of PVC include Formosa, OxyChem and Shintech.
($1 = €0.74)
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