Global PVC spot, export prices up by about US$100/tonne during first two months of 2014, driven by strong demand and limited supply following order controls on sales imposed by Westlake Chemical, OxyVinyls
LONDON , March 7, 2014 (ICIS Chemical Business (CBNB Abstracts)) – US PVC producers Westlake Chemical and OxyVinyls have imposed order controls on sales of PVC resin. Westlake issued the order control because of mechanical difficulties and the negative effect of the weather on production, while OxyVinyl made the decision because the demand for its product is outpacing the available supply. PVC supply has been tight since the start Jan 2014 due to stronger-than-usual demand. This has been aggravated by the outage of Axiall's vinyl chloride monomer (VCM) manufacturing plant in Calvert City, KY, and the planned 20-day maintenance of Shintech's PVC plant. The strong demand and limited supply have pushed spot and export prices by about $100/tonne during the first two months of 2014.