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PVC Resin Prices Up

PVC prices moved up 3-4$/lb in March, a partial implementation of that month’s 5
$ hike, with further increases ahead, as suppliers aimed for an April 3$/lb hike. They also posted a May 6$/lb hike. 

RTi’s Kallman ventured that suppliers would likely get the rest of the March increase and 1
$/lb at most from the April hike, for a total of 1-3$/lb. “I don’t see this one having any legs unless something were to go horribly wrong—such as unplanned outages.” 

Late-settling March ethylene contracts were expected to move up 5
$/lb. Domestic PVC demand was largely flat, with some indication of mild demand from an early construction season, which Kallman sees as determining how the second quarter shapes up.