Prices of polyvinyl chloride (PVC) continue a downtrend in North and South America, market sources informed SSESSMENTS.COM. According to them, buyers are reluctant to make purchases due to inventory concerns and uncertain demand outlook caused by the COVID-19 pandemic.
As SSESSMENTS.COM observed, US export PVC prices dropped $35/ton to $620/ton FAS Houston on April 8. It fell by $185/ton last week. Meanwhile, Latin American PVC prices fell to $715-$725/ton CFR WCSA and $795-$805/ton CFR Brazil, $50/ton and $30/ton lower than last week, respectively.
Market participants in key PVC import markets in Brazil and the Pacific Coast of South America reported no confirmed deal and expected demand to decline further amid falling prices. PVC is a staple for construction, and demand for the polymer is closely related to economic health and GDP growth. The coronavirus pandemic has frozen the world’s economic activities as governments shut non-essential businesses and order people to stay at home.
Tags: Americas,Brazil,English,Latin America,News,PVC,USPublished on April 9, 2020 12:00 PM (GMT+8)
Last Updated on April 9, 2020 12:00 PM (GMT+8)