July hike of 10% sought for Brazil PVC on foreign price trends

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)

By: Ron Coifman
+1 713 525 2653

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