28 February 2013 23:32 [Source: ICIS news]
HOUSTON (ICIS)--Price increases of 8-10% are being proposed for March polyvinyl chloride (PVC) in Brazil on support from tight supply and rising prices in the US and other regions, market participants said on Thursday.
Sources said it is too early to project the conclusion of price discussions for next month’s resin, but the initiatives are expected to be at least partially successful.
Negotiations are proceeding on a customer-to-customer basis, as no blanket announcements are issued in Brazil.
Resin supply is tight throughout the production chain, but local producer Braskem’s PVC plants are running normally, and availability is expected to catch up with demand by late March or April.
Braskem has been importing resin to cover the country’s PVC requirements during maintenance scheduled in April at the company’s 260,000 tonne/year PVC production plant in Alagoas. No maintenances are planned at other Braskem PVC plants.
PVC domestic prices for pipe grade are assessed at $1,860-2,080/tonne (€1,414-1,581/tonne) DEL (delivered).
PVC producers in Brazil are Braskem and Solvay.
($1 = €0.76)
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