PVC

PVC prices in Asia dipped to US$1020/MT in the week of October 8, 2007 due to quiet market conditions. November offers from PVC producers are expected to open concurrent with the return of the Chinese buyers after the week long National Day holiday. Interestingly, lower offers for November are expected on reduced demand from Chinese buyers for PVC imports on account of softer domestic prices, a drop in feedstock VCM values and weakening buying interest from the Middle East due to the influx of cheap U.S cargoes.