PVC

Triggered by tight supplies, poly vinyl chloride prices spiked by almost forty dollars to US$1090/MT in Asia in the week of March 3, 2008. An unplanned outage at Mitsubishi Chemical's No. 2 Naphtha Cracker, has led to reduced production from several producers. As Japans' PVC production reduced by almost 300000 tons this year, Japanese suppliers have hiked March PVC offers up to US$1100/MT CFR China. Material from China as well as Taiwan was also heard being offered at raised levels.