PVC

Awaiting offers for May cargoes, polyvinyl chloride prices in Asia steadied at last weeks' US$1110/MT in the week of April 14, 2008. Most deals for April shipment have been concluded at US$1110-1120/MT CFR CMP. Few offers from Japanese suppliers have been raised by about forty dollars, but have met with buyers' resistance. Buyers are not willing to consent to offers over US$1130/MT CFR CMP. Rising feedstock prices will however, exert pressures on PVC prices, raising them by over thirty dollars next month.