POLYMERS - PVC

PVC prices in Asia dipped to US$970/MT in the week of October 22, 2007, resulting from slow buyer demand. Lower offers were heard from Taiwanese producers, but their Japanese counterparts did not budge from above the US$1000/MT mark as they try to bear the backlash of sharply rising crude oil and naphtha values. Downcast demand from China will lead to further downward movement in prices for the next few weeks of October.