Venezuela PVC assessed higher, lack of low-cost domestic resin

16 August 2013 20:09  [Source: ICIS news]

HOUSTON (ICIS)--Pipe-grade polyvinyl chloride (PVC) prices in Venezuela are assessed higher at the level for imported resin on the lack of availability of lower-cost domestic resin and only restricted supply of more-expensive imported PVC, according to input from local participants on Friday.

Industry participants said that supply of imported PVC is significantly constrained. Buyers said that material is shipped in less than the full volumes ordered and with substantial delays.

Shortages of raw materials, additives, medicines, food and toiletries are pervasive, sources said. Also, high inflation, an overvalued currency and the difficulties to obtain foreign exchange to pay for imports are continuous challenges to normal industrial and commercial operations.

Pequiven’s domestic PVC was gauged at $496/tonne (€372/tonne) delivered (DEL) for pipe grade and at $520/tonne DEL for general purpose (GP) grades. Imported resin is at $1,627/tonne DEL for both pipe grade and GP.

By end July, the resin mix sold to private industry had been gauged 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.

PVC producers in Latin America are Braskem, Solvay and Mexichem.

($1 = €0.75)

By: Ron Coifman
+1 713 525 2653

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