VCM

Prices U.S.: 58 cts/lb, domestic spot; $800-$850/m.t. fob, exports EUROPE: €845-€860/m.t. contract; €685-€720/m.t., fob spot Outlook Global capacity utilization for vinyl chloride monomer (VCM) was 88% in 2007, down slightly from 2006 due to a larger increase in capacity than consumption, says SRI Consulting (SRIC; Menlo Park, CA). Global VCM consumption grew 2.8% last year, and is expected to increase by 4%/year in 2007-2012, SRIC says. Chinese demand growth will be strongest over this time period, averaging 6.4%/year, and average global...

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