POLYMER - PVC

PVC prices weakened to US$1030/MT in Asia in the week of September 24, 2007. Markets remained slightly toned down on dismal demand from China. Current demand from Middle East countries, Russia and Egypt has dipped more than before due to mounting resistance from buyers. In all possibility, sellers could face higher pressure ahead of upcoming low demand season. Though selling intentions were pegged ten dollars higher than last weeks' prices, most deals were heard done at lower prices.