Major producers in Asia have started to issue stronger notional PVC offers for July shipment. Strong market demand has pushed the offers higher, being cited at levels that are more than June shipment by US$40-50. Increase in value of feedstock VCM is also supporting higher prices. It is reported that Taiwan's Formosa raised its July offers at USD970/mt CFR Hongkong, Japan's Taiyo nominated its offers for July shipment at USD990/mt CFR Hongkong.
The adjustment of export tax drawback policy of PVC is rumoured to get released in China, causing most exporters to adopt caution and suspend offering to avoid risk.
13-Jun-07 
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