Due to the increasing cost of ethylene led by upward movement in crude oil and naphtha prices, INEOS ChlorVinyls has announced to increase price for all its S-PVC grades in Europe by EUR 130/ton effective July 01, 2009. In addition, further decreases in the demand for Caustic liquor has put added pressure on margins in the Chlor-alkali chain, the company said in a release.
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