PVC in Asia tumbles by near 13% month on month in June

03-Jul-12
PVC prices in Asia fell 12.6% month on month to average US$880.75/mt CFR Far East Asia in June, from US$1006.40/mt CFR Far East Asia in May, according to Platts data. The June average was down US$295.85/mt or 25.1% year on year. Market sources attribute the fall in prices to lower offers by Asian producers last month for July cargoes amid the arrival of competitively-priced deep sea cargoes from the US, as well as ongoing sluggish PVC demand in China. Demand in China has remained sluggish due to central government measures to cool the property market, a key consumer of PVC.
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