In Asia, the spot VCM market was reported at $615/ton CFR Far East Asia and $685/ton CFR Southeast Asia as of the end of last week. The trend was stable to soft due to retreating prices in the downstream PVC market as well as improving VCM supplies in line with the return of plants.
In Europe, spot VCM was stable again at $630/ton FOB NWE as of the end of last week. Demand remained muted while the downstream PVC market was flat.
In the US, spot VCM prices retreated by $15/ton to $570-580/ton FOB USG as of the end of last week. This followed the downturn in the downstream PVC market, according to traders.