PVC markets were lackluster and stagnated at US$955/MT in Asia in the week of November 26, 2007, on lack of movement in the market. Interestingly, buying interest from China this week was perceived better than the previous few weeks as buyers began restocking. Japanese suppliers continue to offer material at higher values than Taiwanese major despite low bids from China. Chinese buyers continue seeking a further down-adjustment in prices in line with Formosa's offers despite a downward revision of prices. PVC prices are anticipated to bottom out in November, after which they will head north, on expected revival of demand from China, as buyers build up their inventories from December prior to starting long Lunar new year holiday. Demand from non Asian countries also improved this month.
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