PVC

Poly Vinyl Chloride prices in Asia inched up to US$115/MT in the week of March 31, 2008. The factors affecting upward price movement were restricted supply in the region and higher feedstock VCM costs. FOB Offers towards India, Middle East and Non-Asian countries increased by over ten dollars after successful conclusion of deals at current price. Outlook of demand from India is healthy, as the buyers ready to stockpile ahead of the monsoon season, diverting cargoes from the duller Chinese markets for better price realization.