10 May 2013 21:45 [Source: ICIS news]
HOUSTON (ICIS)--Polyvinyl chloride (PVC) prices for May in Argentina were assessed down by $40/tonne on Friday, in line with the trend in Latin America, according to input from market participants.
The predicted price softening in Argentina was confirmed this week, following initial talk of a rollover for May from April.
After the decrease, pipe-grade PVC domestic prices in Argentina for May are assessed at $1,360-1,610/tonne (€1,047-1,240/tonne) DEL (delivered).
April prices were flat from March, amid adequate PVC availability to meet requirements.
The official exchange rate stands at Ps5.22/US$1, but the so-called blue dollar, the unofficial parallel exchange rate, is at is at Ps10.03, up from Ps9.97 last week and up from Ps6.53 on 18 December.
PVC markets mostly softened early in May, tracking direction from other global regions, with most Latin American markets following the trend from Asia.
Solvay Indupa is the PVC producer in ?xml:namespace>
($1 = €0.77)
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