FEEDSTOCK - VCM

VCM prices continued to be firm in Asia in the week of January 28, 2008 at US$790/MT in a bid by sellers to recover higher input costs. Japanese suppliers managed to conclude deals with Chinese buyers at US$780/MT CFR China, almost thirty five dollars more than December price. VCM from South Korea commanded a price of US$790/MT CFR CMP for January delivery. February will see a hike of almost thirty dollars on dual forces of good downstream PVC as well as high feedstock ethylene prices.