In Asia, spot VCM prices gained $15-20/ton on the week to be reported at $650/ton CFR Far East Asia and $670/ton CFR Southeast Asia as of the end of last week. Higher PVC prices and limited VCM supplies pulled prices to a 5-month-high, according to traders.
In Europe, spot VCM prices were reported at $620/ton FOB NWE as of the end of last week. Although ethylene and PVC continued to exert upward pressure, VCM remained steady.
In the US, spot VCM prices were reported at $610/ton FOB USG, indicating a weekly increase of $25/ton. Supply issues and good PVC demand continued to support VCM prices, traders reported.