PVC

A drastic reduction in PVC exports by the Japanese players due to a scarcity of upstream ethylene feedstock has led to limited supply situation in Asia this week. Restricted availabilities have sustained polyvinyl chloride prices in Asia at US$1035/MT in the week of January 28, 2008. the listless market was a result of limited supplies accompanied by meager activities. Interestingly, some selling intention remains pegged higher by twenty dollars corresponding with rising input costs, despite a lull in demand from China ahead of the approaching Lunar New Year Holiday. It is estimated that prices for February could see an uptrend.