Mexico’s December PVC prices stay stable despite hike proposal

13 December 2013 23:14  [Source: ICIS news]

HOUSTON (ICIS)--December polyvinyl chloride (PVC) domestic prices in Mexico are assessed as stable despite a US exporter’s initiatives to boost prices by 2-3 cents/lb ($44-66/tonne, €32-48/tonne), sources said on Friday.

Other suppliers from the US, as well as the local producer, maintained flat pricing into Mexico from November to December.

Export offers from Mexico rolled over from November at $1,010-1,020/tonne (€737-745/tonne) CFR (cost and freight) Europe/Asia/Turkey.

Market talk suggested that prices could rise in January-February on proposed 5 cent/lb increases in the US. Sources in Mexico said that the initiative would probably not be successful in full, but a smaller increase might be feasible in the country.

Business is slowing in line with the year-end holiday period and with the seasonality of the construction industry, while participants reduce stocks to minimise tax exposure.

Mexichem is the sole PVC producer in Mexico.

($1 = €0.73)

By: Ron Coifman
+1 713 525 2653

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