02 January 2014 20:00 [Source: ICIS news]
HOUSTON (ICIS)--Industry participants are projecting steady to soft polyvinyl chloride (PVC) domestic markets in Latin America in early 2014 on balanced fundamentals in the region.
Major changes are not expected in Latin America through the end of 2013, according to sources, but market dynamics in the region will track markets in the US and Asia.
PVC demand is likely to decline in December as participants through the production chain shave inventories to reduce tax exposure.
Buying interest in Latin American markets should then increase in the first weeks of 2014 as consumers purchase resin to balance depleted stocks with industry requirements, then drop again as the population in South America focuses on the Carnival holidays of 28 February-4 March.
Commercial activity in ?xml:namespace>
Early this year, the PVC industry in
Production and trade
PVC participants in
Participants note that Latin American markets usually lag Asian developments by several weeks. Pricing direction in
Although Latin America is not a block where all countries react to global market forces in the same way or at the same time, there is a commonality in the region’s response to dynamics in other regions, particularly in the US and Asia.
However, despite the focus on distant markets to gauge regional trends in the
Latin America has been a target for US PVC suppliers who continue looking for export sales. US domestic demand remains soft amid the gradual and irregular recovery of the construction sector and the economy in the US, while US exports to Asia are suffering from slowing growth in China, a soft market in India and an economic malaise in the eurozone.
Venezuela’s PVC manufacturer Pequiven has been having unspecified technical issues and is importing PVC to supplement domestic production. However, PVC supply is said to be extremely tight in
PVC demand in
Industry participants in
In Argentina, business is moderate because of restrictions on imports of raw materials, capital goods, equipment and replacements, as well as on the availability of foreign currency to pay for the imports.
PVC producers in
RECENT LATAM PVC PRICES
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections