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Chinas domestic PVC market trades below imports on poor demand

March 23/2012
(plastemart) -- Chinas domestic PVC market has been mostly unresponsive to the steadily rising import prices since the beginning of 2012, causing the domestic market to trade at a discount when compared to imports.

Contrary to the revived demand in many other regions that paved the way for import prices to rise, buying interest has been sluggish in Chinas domestic PVC market. Many producers complain about having to work with unsatisfactory margins as they cannot up-adjust their domestic PVC prices to avoid further dampening demand inside the country further.

Indeed, persistent problems about the global economy have resulted in slower demand for all end product applications in China. The worlds second largest economy faced its largest trade deficit in 23 years in February as Europes debt crisis hampered overall exports while overall imports surged following the Chinese New Year holidays.

While Chinas economic growth has moderated for the past four quarters in line with the curbed export demand and the governments earlier decision about restricting lending in order to tame inflation, the Chinese government cut its economic growth target to 7.5% for 2012 in early March for the first time after keeping it at around 8% for the past seven consecutive years.

Author:Anna Larionova
Category:General News
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