Mexico PVC prices for February up 3 cents/lb on tight supply

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)

By: Ron Coifman
+1 713 525 2653

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