AKRON, OHIO - PVC producers confirmed May 13 they are trying to increase prices by another 4 cents per pound for PVC resins. Producers said they would raise prices 2 cents a pound May 1, and another 2 cents June 1.
Several PVC resin buyers said May 13 that they already were seeing the price increases on invoices for resins purchased after May 1.
Executives at Geon Co. of Avon Lake, Ohio, Shintech Inc. of Houston, Occidental Chemical Co. of Dallas and Vista Chemical Co. of Houston confirmed they had increases in effect May 1, and pending for June 1. Although every competitor could not be reached for confirmation, Geon, Occidental and Vista executives all said they believed every major PVC producer made similar announcements.
If the increases become effective, producers will have added 8 cents per pound to the price of PVC in the first half of this year.
