News From Plastics Industry. Daily updates on naptha, oil, plastic raw material price movements. News on crackers, and plastic plants. Information on developments in plastics packaging, packing products, additives for plastics, new plastic raw materials and plastic products
Tuesday, September 11, 2007
POLYMER FEEDSTOCK - VCM
Fewer transactions in the VCM markets caused prices to stabilize at US$860/MT in Asia in the week of September 10, 2007. September offers were pushed back due to more-than-anticipated price resistance from Chinese buyers. Chinese buyers continue to resist down adjusted prices on account of relatively low domestic PVC price realization in China, and buying intention is pegged at least 20-30 dollars lower than sellers bids. However, supported by bullish market sentiments for downstream PVC, VCM sellers rejected further price cuts
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