Plastics pricing: Asian PVC markets move higher for April

03/24/2011

More PVC is processed in Asia than in any other region of the world, and processors there can expect to see prices for the material move up again next month. That is the scenario being pushed by sellers of the material; buyers are not yet fully convinced but may have little choice as supply is limited across the region.

Following the $50-60/ton increases for polyvinyl chloride (PVC) that were passed this month, Asian PVC markets are indicating another bullish month, with overseas producers seeking noticeable price hikes on their April offers to China and Southeast Asia. Higher offers and sell ideas are right in line with players' expectations given scarce VCM supplies in Southeast Asia and tighter import availability to China as a result of the repercussions of the March 11 earthquake in Japan, according to plastics pricing specialist ChemOrbis, which shared its outlook on Asian PVC pricing with PlasticsToday....
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