POLYMER FEEDSTOCK-EDC

Stringent supplies in the Asian region have supported a hike in VCM prices in Asia in the week of August 27, 2007 to US$840/MT. Despite inactivity in the market on account of absence of September offers from major suppliers, robust market outlook thrived on continuation of suspension of VCM exports next month by Tosoh due to insufficient inventories. It is anticipated that offers for VCM in September could increase by at least 20-30 dollars more.