Deteriorated export demand and bearish domestic market sentiments have tanked CFR China PVC offers below US$800/MT. Offers for next month have met with reluctance from buyers after conclusion of few deals at US$785/MT CFR China. As demand fails to pick up and market outlook continues to be pessimistic, buyers from China have expressed intentions almost 40 dollars lower. Major processors in Asia, particularly China, rely very heavily on demand from the markets of the West. Weakened consumer demand worldwide has taken a toll on prices of all feedstocks and polymers. Demand from Chinese processors continues to be subdued, hence prices seem likely to witness a further price downward correction.
27-Oct-08 
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