Fewer transactions in the VCM markets caused prices to stabilize at US$860/MT in Asia in the week of September 10, 2007. September offers were pushed back due to more-than-anticipated price resistance from Chinese buyers. Chinese buyers continue to resist down adjusted prices on account of relatively low domestic PVC price realization in China, and buying intention is pegged at least 20-30 dollars lower than sellers bids. However, supported by bullish market sentiments for downstream PVC, VCM sellers rejected further price cuts
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