Lackluster buying has resulted in inventory pile up with China's PVC makers. As inventories pile up, players refrain from buying in anticipation of a price revision due to a possible supply glut- as offers slip lower than US$555/MT FOB CMP. Lackluster buying has dampened PVC market sentiments, pulling down November shipment offers to US$600/MT CFR China. Select deals were heard concluded about 30-40 dollars lower, while fresh offers slipped to US$550-585/MT despite production cuts by many players.
13-Nov-08 
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