08 February 2013 23:14 [Source: ICIS news]
HOUSTON (ICIS)--Polyvinyl chloride (PVC) domestic prices in Mexico rose by 3 cents/lb ($66/tonne, €50/tonne) in February on support from tight supply and regional market dynamics.
After the February increase, PVC prices in Mexico are assessed at $1,120-1,170/tonne DEL (delivered) for pipe-grade.
Another round of increases is being proposed for March PVC at 4 cents/lb from the domestic producer and at $100-110/tonne from US exporters. However, sources said it is too early to project an outcome for the March initiatives.
Domestic resin prices for January increased by 3 cents/lb from December.
Mexichem stopped production of PVC for seven days starting on 7 February because of insufficient availability of feedstock vinyl chloride monomer (VCM) from suppliers Pemex and Axiall.
Mexichem is the PVC producer in Mexico.($1 = €0.75)
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