Polyvinyl Chloride: Latin America

摘要

The Brazilian polyvinyl chloride assessment continued its bearish trend, falling $70/mt to an assessment at $1,115/mt CFR Brazil as global demand weakened with buyers were heard long material in March. Lower offers from Formosa Taiwan were heard at $1,120/mt CFR Brazil against no firm bids. Freight was estimated from Asia at roughly $90/mt, with import duties from Asia at 3% ($30/mt). “Clients are waiting for Asia to see how deep prices go in April but prices are expected to rise in May,” a producer said. Despite poor demand globally, demand in Brazil was heard healthy due to a push from the construction sector. In production, PVC units were heard operating at normal rates. Producer Braskem has planned a 10-day maintenance turnaround in May for its plant in Alagoas, Brazil in the northeast of the country.