CCM Data & Primary Intelligence PVC Market Came to Standstill March 7, 2011; CCM International Limited
Due to the Chinese Spring Festival in February 2011, the domestic PVC market looked gloomy with few orders. Since the stock of PVC is over-sufficient , the price kept low. The situation is almost the same in all regions. In South-China, demand from downstream producers grows slowly after the holiday. The orders does not go up with the increase of price by USD 70/ton. In North-China, the price climbs slightly. But due to the cold weather, most downstream producers are still out of work. In the mid-China, the price is higher for almost out of stock. The price is about USD 1000 to 1200. In North-east area, the production and marketing keeps balance with small quantity orders. Upstream producers and traders are trying to keep the high price and are expressing optimism for the development of PVC. But the fact is that the growth of demand is slowly and there are lot of stocks to be sold. It is predicted that the situation of standstill will continue.
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