18 April 2013 22:16 [Source: ICIS news]
HOUSTON (ICIS)--Polyvinyl chloride (PVC) supply is very tight in Venezuela and could reach critical levels later this month and in May, local sources said on Thursday.
Pipe-grade PVC is being delivered at about 60% of usual industry requirements, according to a source. No bottle or pipe fittings resin is available, and very little of cable-grade, a market participant said.
Local PVC producer Pequiven has negotiated about 20,000 tonnes of resin imports from several US suppliers for arrival between May and July to ease resin availability, sources said.
PVC will remain short until imported material is available for sale in Venezuela, according to the sources.
Local sources pointed to maintenance being conducted at Pequiven’s production facilities as a major factor for the current tight supply conditions. However, it was unclear if the turnaround applied to feedstock vinyl chloride monomer (VCM) production, to PVC or to both.
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