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Acetylene based PVC prices slightly up in China

by ChemOrbis Editorial Team -
  • 16/05/2017 (13:39)
Acetylene based PVC prices in China have posted slight gains so far this week in line with higher futures and several maintenance shutdowns in the country which are particularly taking place at acetylene based PVC plants.

Meanwhile, PVC futures on Dalian Commodity Exchange posted a weekly increase of around $22/ton as of May 16, lending support to local prices as well.

As can be seen from the graph below created by ChemOrbis Price Wizard, weekly average acetylene based PVC prices have slightly increased this week after following a decreasing trend since late February. Meanwhile, ethylene based PVC prices remained mostly stable this week.

A trader commented, “Acetylene based PVC prices increased when compared to last week as maintenance shutdowns helped reduce high inventory levels in China. Meanwhile, ethylene based PVC prices were mostly stable on a weekly basis.”

Another trader also noted, “Several PVC plants in China are either undergoing maintenance or planning shutdowns in May and this has helped supplies diminish.”

In China, acetylene based PVC prices increased by CNY100/ton ($15/ton) to be currently reported at CNY5700-5900/ton ex-warehouse China, cash including VAT ($706-731/ton without VAT). Ethylene based PVC prices, meanwhile, were reported at CNY6350-6400/ton ex-warehouse China, cash including VAT ($786-792/ton without VAT).
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