HOUSTON (ICIS)--Early indications for polyvinyl chloride (PVC) pricing in Brazil are pointing to rollovers for April, in line with the softening trend in Asia, although participants are also waiting for indications from the US Gulf, according to industry participant input on Thursday.
Previously, domestic prices in the local currency rose by 3% per month in January, February and April. The increases were driven by 10% hike initiatives for January and February, which eventually were postponed and extended to three months.
Sources said minimum pipe-grade PVC prices were at $1,650/tonne DEL (delivered) for March business, although significant discounts were heard offered to the largest volume buyers.
Resin supply is in balance to meet strong PVC business. Despite some interference from red tape and bureaucratic requirements, public works projects in Brazil are accelerating to meet deadlines before the general elections on 5 October, supporting demand for PVC.