PVC Prices and News
Europe’s polymer markets open Oct with drops; PVC defies the odds by Manolya Tufan
Regional polymer markets started the month on a bearish note, influenced by weak economic conditions, easing supply levels and lower feedstock costs. However, PVC bucked the broader trend in the market, with fresh offers emerging with rollovers to slight increases from September... 10-10-2024
China’s comeback: What’s in store for polymer markets after the break? by Merve Sezgün
Chinese polymer players are stepping away from their desks this week as the country observes the National Day holiday. Despite the seasonal optimism brought by ‘Golden September, Silver October,’ demand recovery across most polymer segments has fallen short of expectations. Prices have struggled to gain momentum due to persistent oversupply, weaker international demand, and a sluggish domestic economy... 30-09-2024
Eyes on India's pending ADD ruling following Taiwanese PVC major's Oct pricing by Shibu Itty Kuttickal
Did the major Taiwanese producer factor in India’s impending anti-dumping duties (ADD) decision on PVC imports when it opted to keep its benchmark import prices unchanged for October? Indian players speculated that the anticipated ADD ruling may have influenced the major producer's decision, as many market participants had otherwise expected prices to decline... 26-09-2024
China’s ethylene-based K67 prices hit around 16-year lows by Elif Sevde Yalçın and Merve Sezgün
China’s export and local ethylene-based PVC K67-68 markets reached the lowest levels since 2008-2009 last week, while prices for acetylene-based K67 plunged to near nine-year lows. Persistently weak demand at home, along with falling futures on the Dalian Commodity Exchange and the supply overhang, pushed sellers to offer fresh discounts on both local and export prices... 17-09-2024
European PVC buyers resist initial hike attempts for September by Manolya Tufan
Regional PVC markets opened September on a bullish note, with initial offers emerging with hikes of up to €50/ton amid margin recovery targets. Still, lower ethylene settlement, balanced supply conditions and cautious buyer sentiment have led to protracted discussions despite a generally positive outlook... 12-09-2024
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 Türkiye 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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