17 January 2014 23:23 [Source: ICIS news]
HOUSTON (ICIS)--January polyvinyl chloride (PVC) prices in Mexico rose by 3 cents/lb from December on higher import offers and tightening supply in the US, sources said on Friday.
Steady demand in the US during the winter from the construction sector, tightening supply because of plant maintenance scheduled for the first quarter and Axiall’s vinyl chloride monomer (VCM) force majeure are driving the hikes, sources said.
Axiall declared force majeure after a fire at the company’s VCM plant in Lake Charles, Louisiana, on 20 December.
Pipe-grade PVC prices in Mexico are assessed at $1,040-1,090/tonne DEL (delivered) after the January increase.
In December, PVC prices remained flat from November.
Mexichem is the PVC producer in Mexico.
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