VCM

VCM prices dipped to US$820/MT in Asia in the week of October 8, 2007 on account of softening demand and lowering prices of downstream PVC. PVC markets were lackluster due to lack of demand from end users. Movement in VCM market was slow due to lack of firm offers from sellers and bids for October shipment. Buying intention has dipped almost 10-15 dollars lower than sellers' price. As the downstream PVC market continues to weaken, VCM prices are expected to fade and drop further in the next few weeks of October 2007.