FEEDSTOCK - VCM

VCM market in Asia was lackluster and stagnated at US$820/MT in the week of October 15, 2007, despite a dip in prices of upstream EDC and downstream PVC. Asian VCM markets remained quiet mainly as a result of uncompromising offers for November shipment by sellers, and reluctance on part of buyers to buy at these prices. Currently, a twenty dollar gap exists between supplier offers and buying intentions. Supplies were also limited on account of the shutdown of 260,000 tpa Tosoh's no.1 VCM plant.