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.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections