PVC

Higher feedstock VCM values and restricted supplies in the region have kept PVC prices higher at US$1110/MT in Asia in the week of March 24, 2008. As more producers in Asia will embark upon their planned maintenance shutdown in April, supplies will be an issue, hence the producers are under no duress to liquidate stocks and increase exports this week. In next month's tight supply scenario, Asian producers, with smaller export volumes at their disposal target to hike offers by atleast forty dollars. Producers in Japan have been faced with a situation where, given the strong Yen against US dollar, it is imperative to increase offers. The strong Yen against the US dollar has weakened sales profits.