VCM

VCM prices witnessed a robust hike to US$895/MT in Asia in the week of April 6, 2008. This sharp hike can be attributed to restricted supply across the region and bullish downstream PVC markets, propelled by robust demand from India and Middle East. CFR offers in South East Asia were pegged at above US$960/MT, leaing to an assessment that market prices range at US$950-960/MT. Offers for May are foreseen to be pegged at US$900/MT CFR CMP levels.