PVC prices only show small rise in quake aftermath

16 May 2008 10:59  [Source: ICIS news]

SINGAPORE (ICIS news)--Domestic prices of polyvinyl chloride (PVC) in southern China inched up yuan (CNY) 50/tonne ($7.1/tonne) on Friday following this week’s massive earthquake which devastated the southwest province of Sichuan, a major plastics producing region.

 

High inventory levels in the region had insulated buyers from the supply shock, resulting in only the small rise in PVC prices, traders said.

 

According to data from Chemease, the price of carbide-based PVC in south China was currently at CNY8,350-8,450/tonne DEL (delivered), compared with Monday’s level of CNY8,300-8,400/tonne DEL.

 

Most chlor-alkali plants in Sichuan, which produces about 1m tonnes of PVC annually, have been shut down as a safety precaution following Monday’s quake, while transport services in the region have been diverted to aid ongoing relief efforts.

 

Up to 50,000 people were feared dead in the disaster.

 

($1 = CNY7)

 

Lynn Du from CBI China contributed to this article

 

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By: Ng Hun Wei
+65 6780 4359

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