US PVC export prices to climb on Japan crisis
Petro Chemical | 2011-03-18 06:24:08
Export prices of PVC in U.S. are expected to rise in April on continuing strong demand from Asian countries coupled Japan's production decline because of the disastrous Tsunami
By Paul Ploumis
WASHINGTON (Scrap Monster): Export prices of PVC in U.S. are expected to rise in April on continuing strong demand from Asian countries coupled Japan’s production decline because of the disastrous Tsunami.
Three PVC plants, with a combined capacity of 818,000 mt/year and representing 41% of Japan's total PVC production were shut down after the Tsunami.
US producers will announce their April prices in the next month as they are waiting to see the impact of Japan's PVC situation on the global markets before making any decision.
Analyst reported that the April PVC export prices could reach up to $1,150/mt on CFR basis. However, prior to the Japan earthquake, the US PVC market was characterized as tight as some traders and end-users reported problems procuring resin from US manufacturers, Platts.com reported.
