11 July 2013 23:30 [Source: ICIS news]
HOUSTON (ICIS)--Polyvinyl chloride (PVC) prices for July in Brazil are being discussed at a 10% increase from June, in line with the trend in other Latin American countries, sources said on Thursday.
However, the sources said negotiations in Brazil are proceeding amid an uncertain outlook, with the population not able to move easily while street demonstrations disrupt business and shops, while industrial plants close doors and lose sales and production.
Market participants in Brazil noted concern about the rallies in different cities protesting against corruption, poor services and increasing inflation.
Street protests in several Brazilian cities are driving PVC buyers to postpone purchases and investments on expectations of tough times ahead, industry sources said.
PVC domestic prices in Brazil for June were flat from May and April at $2,000-2,200/tonne (€1,560-1,716/tonne) DEL (delivered) for pipe grade, local sources said.
PVC producers in Brazil are Braskem and Solvay.
($1 = €0.78)
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