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PVC prices up in Asia

December 15/2009
MOSCOW (MRC) -- Last week, PVC prices went up by USD10/mt in Asia, and moved at USD910/, CFR NE Asia MRC analysts reporting.

One of the reasons of that growth was the situation in the Chinese real estate market in 2009. Over the course of January October, investments into the real estate sector moved at about Yuan 3 trillion, which was nearly 19% more, as compared with the same period of the previous year; housing quantity exceeded the last years figure by 3.3%.

Growth rates of the real estate market, which consumes about 60% of the overall PVC volume, will be high in 2010 as well due to the investment policy of the Chinese government, and that makes market players quite optimistic.
Rise in feedstock prices and electricity charges in China pushed up PVC prices, as well. Last week, ethylene prices continued to grow and reached another record level over the course of the recent fifteen months USD1180/mt, CFR NE Asia, and on November 20, the Commission for national development and reforms of China raised electricity charges for the industrial sector on average by Yuan0.028/kWh.

For more detailed information on the Russian PVC market, see Monthly reports.

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