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BEIJING, Feb 22, 2011 - (ACN Newswire) - Cheaponsale.com's (http://www.cheaponsale.com/Products/) latest report shows that it is influenced by the weakness requirement of global building industry, the Europe, America and Asia's PVC prices are all entering down channel. Recently, European and American PVC market are still curbed by the weaknened market. The Asian market is facing the uncertain environment, especially as the Chinese government starts to control property, which has increased the price of PVC. So the global PVC market is getting in hot water.
The analyst from Cheaponsale.com said that merchants, floowing from Europe's attitude, are prudent.
Cheaponsale.com analyzes that according to the Bureau of Statistics of Europe, currently, income is better than the beginning of this year. But this message has not brought any surprise to the European PVC industrial; they all thought that it was hard to keep profit like this. Some merchant said that the profit of PVC is still keeping at 100 EUROs per ton, but the expenses of raw materials and operation cost are increasing all the time, the sales are decreasing substantially, the business profit ratio is still in the level of December. And if the merchants want to get the suitable business profit ratio, the price needs to increase 100 - 150 EUROs per ton, but nowadays the purchasing power is not very strong, so this wish should not be realized in this year-end.
Cheaponsale.com points out that the PVC's sales in Northwest Europe have increased 5% - 6% in May year on year. But the PVC manufacturer in Europe still keeps prudent in the future. All people have realized that the EURO exchange rate provide the support to the market, and the chances of European export companies will be about to come.
Contact:
http://www.cheaponsale.com/
Tel: +86-10-65569770
Email: my@cheaponsale.com
Topic: Research / Industry Report
Source: Cheaponsale.com
Sectors: Daily Finance
https://www.acnnewswire.com
From the Asia Corporate News Network
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