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Markets :: Plastics :: Polyvinyl chloride
PVC Makers Seek Price Increases Through Summer
9:28 AM MDT | June 28, 2007 | Gregory Dl Morris
Polyvinyl chloride (PVC) makers are standing firm amid buyer protests over the latest round of price increases. Georgia Gulf nominated a 2 cts/lb increase for July PVC contracts two weeks ago. With that, buyers were faced with a full 10 cts/lb increase in resin prices over the past five months. If all the increases go through, there will be roughly a 20% increase in less than half a year. That is more than two times the increase in feedstock costs, buyers say. But producers argue that high operating rates and falling inventories indicate the market can sustain...
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