FEEDSTOCK - VCM

VCM prices dipped to US$790/MT in Asia in the week of October 22, 2007 on slow market movements. Few transactions were heard as downstream PVC buyers resisted strong prices. PVC demand in China as well as other markets globally, remained weak. A 40-50 dollar difference was maintained between supplier offers and buying intentions, mainly on bearish demand from China. On the supply side, spiking crude oil prices continue to exert price pressures on the Japanese producers, rendering a price dip almost unfeasible.