On the sidelines of the Mexican Plastic Rubber Industry Exhibition in 2019, sources said that Central and South America had received a large number of offers for PVC from vendors in Asia, Mexico and the United States.
| PVA FIBER |
Long-term global supply of PVC has led suppliers to sell their products at a reduced price of $5-15 per ton per week for the past six weeks as overseas sellers try to win the competition.
Taiwan Plastics announced a price cut of $40-60 per ton in April, and other Asian suppliers followed suit in order to avoid losing market share.
In March and early April, slowing domestic sales in Mexico boosted exports to Central and South America. FOB Mexico’s export quotation hovered between $765 and $780 per ton.
| PVA 1799 (PVA BF17) |
In January and February this year, US raw material data weakened and domestic sales declined, resulting in adequate supply and increased low-price exports to Latin America.
The latest FOB quotation in the Gulf of Mexico this week was $755 per ton, while CFR Latin America quoted about $820 per ton, depending on distance.
Unipar Indupa, Braskem, Unipar carbcloro, Mexichem and Peevan are Latin American producers of PVCs.
| PVA 1788 (PVA BP17) |