Wednesday, November 21, 2007

FEEDSTOCK - VCM

Weak demand from downstream PVC markets of China have led VCM prices to dip to US$760/MT in Asia in the week of November 19, 2007. Strong price resistance from Chinese PVC makers has led to downward adjustment of VCM prices. Despite this, the gap widened between sellers offers and buying bids that continue to remain at US$700/MT levels.

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