19 July 2013 19:26 [Source: ICIS news]
HOUSTON (ICIS)--Polyvinyl chloride (PVC) availability in Venezuela remains tight because of reduced production rates and the slow arrival of resin imports, sources said on Friday.
In addition, demand from the subsidised public housing project is diverting supplies away from private industry, although construction of the so-called petro-casas continues only at moderate rates, local industry sources said.
Additionally, PVC market participants said that the economy has slowed down markedly, while the industry is suffering from the lack of resin additives and stabilisers, high inflation, an overvalued currency and difficulties in obtaining foreign exchange to pay for imports.
Pequiven’s domestic PVC is assessed at $496/tonne (€377/tonne) DEL (delivered) for pipe grade and at $520/tonne DEL for general-purpose grades. Imported resin is gauged at $1,627/tonne DEL for both pipe grade and GP.
The resin mix sold to private industry stands at 59% domestic and 41% imported for pipe-grade PVC at an average price of $960/tonne DEL, and at 100% imported for GP at a price of $1,627/tonne DEL.
($1 = €0.76)
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