20 May 2013 23:18 [Source: ICIS news]
SAO PAULO (ICIS)--Polyvinyl chloride (PVC) prices in Argentina could decline in June by $60-100/tonne, lagging direction from other global regions, sources in South America said on Monday.
In Brazil, however, it is too early to project pricing for next month, sources added on the sidelines of the Feiplastic 2013 exhibition.
The sources said that the PVC market in South America is expected to continue with the historical trend for the remainder of 2013, following international prices with a one-to-two month lag.
PVC demand in Brazil is very slow despite the projected investments for the looming Soccer World Cup and Summer Olympics, because the government is trying to reduce expenditures, according to the sources.
In Argentina, demand is also weak, as the economy is driven by consumer consumption and not by industrial or commercial investments, the sources added.
Feiplastic continues through Friday.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections