19 November 2013 17:44 [Source: ICIS news]
Cartagena, Colombia (ICIS)--Venezuelan polyvinyl chloride (PVC) producer Pequiven’s plant is running normally and PVC imports are arriving, an industry source said on Tuesday.
Pequiven’s PVC plant restarted in October after a mechanical failure caused the facility to shut down for several weeks for repairs, the Venezuelan source said on the sidelines of the Latin American Petrochemical Association (APLA) annual meeting.
Because of the unexpected shutdown, resin availability became very short in Venezuela as local supplies were depleted while imports from the US and Colombia had not yet arrived.
The Venezuelan PVC market is expected to regain balance in December-January, the source said.
Pequiven’s PVC, priced lower that imported resin, will be targeted to the government-subsidised housing project, the petro-casas and to private sectors deemed strategic.
Non-strategic private industry will receive a fixed ratio of more expensive imported PVC and domestic product, according to the source.
PVC market is expected to remain stable through 2014, while Pequiven lends its support to healthy industry growth to the petro-casas project and to other supporting industries such as cables and pipes, the source added.
The APLA conference ends on Tuesday.
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