PVC Prices and News
Chinese oversupply dampens Asian PVC markets by Shibu Itty Kuttickal
A surfeit of PVC stocks in China, as a result of the slow domestic offtakes amid ongoing pandemic restrictions, has continued to cast a bearish pall on Asian PVC markets... 11-05-2022
European PVC markets fall, ending a rising streak of 2 years by Manolya Tufan
Regional PVC markets have seen drops for the first time as May kicked off, snapping the longest-ever rally since June 2020. To be more precise, April has been the price peak for PVC after prices followed a mostly upward trend, barring stability in December 2021 and January 2022, for 23 straight months... 09-05-2022
Stats: Turkey’s Q1 polymer imports up on quarter, year by Merve Madakbaşı
According to ChemOrbis Import Statistics, Turkey imported 1,537.570 tons of polymers in total during the first quarter of 2022. The figure indicated an increase of 4.5% from the previous quarter, while it rose 7% from Q1 2021, data revealed... 06-05-2022
Will Europe’s PVC markets reach a plateau in May? by Manolya Tufan
Massive increases of €185-200/ton passed on April PVC deals in most cases, carrying prices to new all-time highs across Europe. The rally, which has been in place for almost two years, has caused demand to slacken recently. Participants are discussing whether or not PVC prices will reach a plateau next month despite softer ethylene expectations... 21-04-2022
Global PVC sentiment wavers on growing demand concerns by Merve Madakbaşı
PVC sentiment has recently faltered across global markets due to waning demand amid a bunch of factors that weigh on consumption. Expectations in the world’s largest PVC buyer, India, have been scaled down, partly on pressure from China, where Covid has hit demand again, while import offers in Turkey and Egypt markets have already seen downward corrections... 14-04-2022
Unlike other polymers that are derived from crude oil and natural gas, Polyvinyl Chloride (PVC) is part of the chlor-alkali industry. The main raw material used to produce PVC is sodium chloride. Caustic soda and chlorine are made via the electrolysis of sodium chloride. While caustic soda has its own uses, ethylene dichloride (EDC) is made by the chlorination of ethylene and chlorine, and is used primarily in the production of vinyl chloride monomer (VCM). In the final stage, PVC is produced by polymerization of VCM.
PVC is divided into two categories: emulsion PVC and suspension PVC. While emulsion PVC (E-PVC) has a limited area of use, suspension PVC (S-PVC) enjoys a greater area of use. S-PVC grades are characterized by K values. K67-68 is the most commonly used PVC type. PVC K67-68 is used in profile and pipe applications and has a direct relation to the construction industry. Due to its dependence on the construction sector, PVC is also directly affected by the economic performance of countries, either positively or negatively.
PVC K64-65 is also used in the manufacture of pipes and profiles. K58 is used in rigid applications, such as injection molding, and the manufacture of credit cards and food packaging. K70 is used in the manufacture of shoes, cables, hoses, shower curtains, tablecloths and stationery.
Looking at the top buyers and sellers on a country-based breakdown, the USA is at the top of the list of largest exporters with a market share of more than 20%. Taiwan is the second largest PVC supplier, followed by Germany. India is the top PVC buyer in global markets by a long way. Although China has reduced its dependence on imports with new PVC capacities it has commissioned over the last 20 years, it still ranks as the second largest PVC importer in the world. In addition, China has the world's largest acetylene-based PVC capacities. China is followed by Turkey and Italy, having almost the same level of market share in PVC imports.
ChemOrbis Polyvinyl Chloride (PVC) prices and Plastics News section contain information on the market trends, as well as supply-demand factors and production costs that determine the pricing, statistics on imports and exports, along with maintenance shutdowns, restarts, and new capacities related to PVC facilities.
Products:
E-PVC, S-PVC K67-68, S-PVC K70, S-PVC K64-65, S-PVC K58, S-PVC K67-68 (Acetylene), S-PVC K64-65 (Acetylene), S- PVC K70 (Acetylene)
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