Disposable Gloves News

Analysts are predicting possible double-digit increases in PVC prices in the coming months after factory shutdowns in China, producer of nearly 1/4 of the world's PVC, created substantial supply shortages in the market. Bloomberg reported Wednesday that many of the PVC factories initally shutdown because of the Olympics will likely stay close after the Games due to higher costs, China's growing energy crisis, and strict new environmental restrictions.

Polyvinyl chloride is one of a small list of petrochemicals that has not declined in recent weeks, despite the retreat in oil prices. Now, with oil climbing again over $120/barrel, it is likely we will again experience new record highs before the end of the year.

Labels: China, PVC

posted by Michael Prather at 10:55 AM |

 Michael Prather said...

Several more articles have been published on this topic:

Trans-Pacific fuel surcharge headed for record level (registration required)

August 27, 2008 9:55 AM