Poly Vinyl Chloride

Prices for PVC moved up to US$975/MT in Asia in the week of December 10, 2007. The market has seen limited activity this week, and the price hike was mainly on account of deals concluded for some Japanese cargoes with end of December shipment terms. Markets in Asia remained lackluster as major suppliers have not yet opened notional January offers. Market players anticipate prices to spike up to almost thousand dollars CFR China levels, as Chinese demand increases ahead of the forthcoming Lunar New Year holiday.