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PVC pipes

Focus Middle East PVC may fall further on poor buying amid Iraq crisis

Focus story by Michelle Lim

SINGAPORE (ICIS)--Spot polyvinyl chloride (PVC) prices in the Middle East may continue to decline in the coming weeks because of low buying interest amid political instability in Iraq, market participants said on Wednesday.

On 12 September, PVC prices were assessed $10/tonne lower on the low end from the previous week at $1,010-1,040/tonne CFR (cost and freight) GCC (Gulf Cooperation Council), tracking lower bids, according to ICIS data.

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