PVC

Polyvinyl Chloride prices steadied at US$1035/MT in a dull market wherein few transactions were recorded. PVC market in Asia remained firm on the back of tight supplies. Key suppliers from the region are mulling a definitive hike in March offers by at least twenty dollars, in a bid to keep up with rising feedstock VCM prices, and also in line with cargoes sold at higher values to Middle East region with February shipment terms. Domestic PVC prices in China have also seen an upward movement on account of delays in delivery schedules on account of heavy snowfall.

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