12 January 2010 04:48 [Source: ICIS news]
SINGAPORE (ICIS news)--Benchmark offers for February-arrival polyvinyl chloride (PVC) cargoes into China have risen $80/tonne (€55.2/tonne) over the settlement price for January due to surging feedstock costs, market sources said on Tuesday.
January import offers from ?xml:namespace>
A Taiwanese producer said it had to raise offers in order to pass on the increase in raw material costs. Feedstock ethylene values in Asia had surged by over 7% in the past four weeks to $1,250-1280/tonne CFR northeast (NE)
Buyers expressed strong resistance to the February offer, arguing that PVC demand in
($1 = €0.69)
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