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Economics :: Prices
PVC November Contracts Settle Late
10:22 AM MST | February 4, 2008 | Chemical Week Editorial Staff
The last of the November polyvinyl chloride (PVC) contracts settled at an increase of 4 cts/lb, market sources say. Several of the contracts remained unsettled into the third week of January, as buyers continued to hold out for a 3 cts/lb increase. Buyers cited weak demand for PVC products due to poor housing market conditions, while producers defended the increase based on rising ethylene prices. December contracts were settled as a rollover before the last of the November contracts had settled. Increases of 2 cts/lb for both January and February contracts have...
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