China PVC

SHANGHAI: Chinese PVC ended the week going precisely nowhere; the main contract settled at RMB 4,498/t, down 9, still boxed inside a narrow consolidation band while everything beneath the surface moved. Operating rates jumped nearly two points as carbide-route inspections wound down, plant inventories built, downstream starts sagged to seasonal lows, and export contracting fell 13% into a monsoon-muted India. Producers are losing RMB 700/t on both routes and shipping abroad at a loss of $4/t.