POLYMERS - PVC

PVC prices dipped to US$955/MT in Asia in the week of November 19, 2007, triggered mainly by a dip in offers from Taiwan's Formosa, on the back of weak demand from China. Interestingly, increasing cost pressures have cornered the Japanese players into hiking December PVC quotes to US$990/MT CFR China. Japanese PVC producers usually buy feedstock ethylene on a naphtha-based pricing formula hence surging naphtha values have set off cost pressures.