Wednesday, November 07, 2007


Market for PVC remained lackluster as prices stagnated at US$965/MT in Asia in the week of November 5, 2007. Major suppliers have closed deals for November, leading to the subdued market conditions. Slack demand from China as well as non Asian countries, and the possible influx of deep-sea cargoes from USA have contributed to the bearish sentiments in Asian PVC markets. These downbeat market sentiments are estimated to prompt a further dip in prices in the coming months, notwithstanding rising oil and naphtha prices.

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