VCM

As buyers await next months' offers, VCM markets remained calm this week. Prices stagnated at last weeks' levels of US$830/MT in the week of August 20, 2007. Market conditions of tight supply and rising feedstock costs indicate that VCM prices will be hiked in the next few weeks by producers. Japan's Tosoh, back onstream after an unplanned shutdown, is facing diminishing stockpiles, and is contemplating limiting VCM exports next month in September.