In Asia, spot VCM prices were reported stable at $645/ton on CFR Far East Asia basis and $700/ton on CFR Southeast Asia basis as of the end of last week. VCM supplies were reported to be limited particularly in Southeast Asia; however, weak expectations for PVC put a cap on VCM pricing.
In Europe, spot VCM prices were reported unchanged for another week at $630/ton FOB NWE as of the end of last week. Although supplies are not deemed comfortable throughout the production chain, slow demand in the downstream PVC market and the weakening Asian market kept VCM prices in check.
In the US, spot VCM prices were reported at $635-645/ton FOB USG as of the end of last week. The softer PVC prices pulled VCM prices down by $10/ton as well, according to traders.