PVC

PVC prices in Asia have stagnated at US$1040/MT in the week of September 10, 2007, on the back of strong demand globally. Weaker buying interest from China is expected to wane further as the traditionally low demand season nears commencement. However, strong demand from Russia, the Middle East and Africa, and tight PVC avails across Europe have pushed prices to the level of US$1,030-1050/MT. Producers seem reluctant to accept low bids for buyers in China and PVC prices in Asia are expected to increase by 30-40 dollars in October, as producers intend to increase their October on the back of strong global demand.

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