The North American market for polyethylene terephthalate is saturated, while polyvinyl chloride resins are boosted by the availability of cheap ethylene feedstock, according to analysts. "The housing market is slowly beginning to rebound. There's a tremendous amount of pent-up demand to replace aging infrastructure such as sewer and water pipe. That bodes well for the [PVC] resin side," IHS analyst Steve Brien said.
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