- Overstocked conditions impacting on prices- Housing starts down 17.2% year on year



The price of US PVC exports fell by $30-35/mt
per week, as the demand for the product continues to fall. According to market
sources, the lower prices are primarily due to weak demand. Market sources reported that the global PVC market appeared
to be oversupplied. Several market
participants have expressed concerns about the overstocked situation in China. India was also said to have overstocked conditions. Market sources said that these factors were the main reasons
for price decreases. One source stated
that "the housing and construction sector remains extremely weak in
China." Market sources indicate that
there is plenty of product but nowhere to send it, according to market sources. Census Bureau data from the US released on 18 April showed
that housing started declined...