In Asia, spot VCM prices eased by $5-10/ton to $620/ton CFR Far East Asia and $685/ton CFR Southeast Asia as of the end of last week. The downturn in the downstream PVC market played a role in the weekly loss, according to traders.
In Europe, spot VCM was flat for another week at $630/ton FOB NWE as of the end of last week. Traders reported that the VCM market was squeezed between Europe’s higher downstream PVC prices and softer VCM prices in Asia.
In the US, spot VCM prices softened by $10/ton to $590/ton FOB USG as of the end of last week. It was attributed to thin activity and fading export PVC demand.