PVC

Propped by restricted supplies and mounting upstream VCM costs, polyvinyl chloride prices in Asia have risen to US$1100/MT in the week of March 10, 2008. Supply in the Chinese market has been badly as domestic producers have been forced to shut down plants on account of rising production costs of feedstock carbide, electricity and mounting salary levels. Some deals were concluded at US$1090/MT levels, and March cargoes from Japan and South Korea have been sold up to USD1100/MT CFR China level with L/C usance terms.