13 March 2013 18:09 [Source: ICIS news]
MEXICO CITY (ICIS)--Higher polyvinyl chloride (PVC) prices are projected for April in Mexico, driven by tight supply and strong demand in the Americas, a market source said on Wednesday.
Increases for PVC are being talked at 2-3 cents/lb, as firming prices in the US, along with short availability of US resin exported to Mexico, are placing upward pressure on domestic prices in Mexico, the source said on the sidelines of the 18th annual Plastimagen international plastics exposition and conference.
The source said there are no updates on Axiall’s (ex-PPG) declaration of force majeure on feedstock vinyl chloride monomer (VCM) or on Westlake’s declaration of force majeure on PVC, both of which have affected Mexico’s PVC availability.
However, according to the source, discussions about April PVC pricing are expected to proceed slowly because of forthcoming holidays. Mexico will be observing a national holiday on 18 March and religious holidays in the last week of the month.Plastimagen ends on Friday.
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