Tuesday, November 27, 2007


Opposition from downstream Chinese buyers has caused VCM prices to slip further in Asia to US$750/MT in the week of November 26, 2007. VCM producers from Japan were forced to down-adjust November offers to US$740/MT CFR Japan indicating sluggish Chinese PVC market. In the tussle that ensued between buying interest and sellers' bids, the Chinese PVC makers finally accepted the price of US$750-760/MT CFR China.

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