IHS Chemical Week

Plummeting PVC prices cause weakness in several markets

12:08 PM MDT | May 6, 2013 | Lindsay Frost

Weakness in European polyolefins was overshadowed by plumetting prices for polyvinyl chloride (PVC) on both sides of the Atlantic. Spot and export prices plunged $510/m.t. in North America and $390/m.t. in Europe over the past few weeks, with pipe manufacturers under heavy pressure and unwilling to buy any resin, they say. April PVC contracts were stable in North America, but tumbled €280/m.t. ($366) in Europe. European polyolefins were reported lower by $100–120/m.t. sources say. Most US spot polymer prices remained stable and unchanged, however...

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