In Asia, players reported that the

In Asia, players reported that the VCM market was stable over the past week, but sentiment remains firm following the force majeure on VCM out of Mexico. VCM prices were pegged by traders at $650/ton CFR Far East Asia and at $700/ton CFR Southeast Aia at the end of last week. Demand was reported to be healthy in the region and the VCM market continues to be supported by feedstock costs. In Europe, the VCM market was reported to be steady week over week following the previous week’s gain at $630/ton FOB NWE at the end of last week. PVC sellers’ intentions of raising prices this month continues to support the VCM price level, but traders reported that trade for VCM was quiet. In the US, spot VCM prices were reported higher by $15-25/ton week over week at $645-655/ton FOB USG at the end of last week. The market continues to be influenced by the outage in Mexico and supplies are considered to be on the tight side.