PVC Prices and News
Tight supplies keep Asian PVC markets bullish by Shibu Itty Kuttickal
Asian PVC markets were holding on to previous levels during the week as most markets in the region were celebrating the Lunar New Year holidays but the sentiment stayed markedly bullish, as supplies were tight. There are expectations of availability being squeezed further as China reopens, with Beijing having lifted most of the COVID restrictions, raising demand within the local market... 25-01-2023
Will European PVC take a breather from 9-month downtrend in February? by Manolya Tufan
Regional players have been wrapping up their January PVC deals mostly with reductions of €50/ton, matching the half of the ethylene drop. As the month draws to a close, voices for a potential stabilization in February start to emerge on the sellers’ side after 9 straight months of drops... 23-01-2023
Tight supply keeps expectations bullish in Turkey’s PVC market by Merve Madakbaşı
Turkey’s PVC markets have been on a bullish note since prices bottomed out in late November. Prices have continued to witness hikes, driven by supply, heading into the second half of January, while early February projections hint at further gains so long as supply tightness continues to pervade the markets... 13-01-2023
End of China’s ‘zero-COVID’ stance: Double-edged sword for Asia PVC, PP and PE markets by Shibu Itty Kuttickal
Asian PVC and polyolefins markets are searching for direction amid expectations that China’s lifting of most COVID restrictions would strengthen demand and trigger pent-up buying activity, which would also crimp availability to other Asian markets. On the other hand, the rising COVID numbers in China is prompting players to take a guarded view ahead... 12-01-2023
Stats: China’s 2022 polymer imports lowest in five years by Merve Sezgün
ChemOrbis Stats Wizard suggests that China’s total polymer imports in the January-November period of 2022 were down 10% on the year to 18.1 million tons, the lowest cumulative volume since 2017. Although the December data are yet to be revealed, it is highly likely that the country will end the year with its polymer imports totaling below 20 million tons for the first time in five years... 05-01-2023
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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