23 August 2013 22:32 [Source: ICIS news]
HOUSTON (ICIS)--Polyvinyl chloride (PVC) supply in Venezuela has been severely reduced because of undetermined issues at the local producer’s plant and of insufficient availability of imported resin, sources in the country said on Friday.
PVC producer Pequiven has traditionally sold a resin mix of domestic and imported resin to processors in the country.
Additionally to selling the PVC it produces, Pequiven has been importing material to satisfy the country’s resin demand. However, imports are also insufficient to complete requirements as Pequiven has been delivering incomplete orders and with substantial delays.
The problems at Pequiven’s PVC production plant are not clear, and no explanation has been provided by company officials, local sources said.
Market participants outside of Pequiven said they are expecting the production problems to be solved in about 60 days, but no official timeline has been made available.
Private industry participants are authorised to import PVC. Buyers who have the resources and can navigate through the red-tape applied to permits, to import licenses and to the purchase of foreign currency will import directly.
Conditions in the country continue to deteriorate as raw materials, additives, medicines, food and toiletries and even toilet paper are in short supply, local sources added.
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