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The European PVC market price is affected by the weak global atmosphere, the market is stable, the rising trend of contract and spot prices is weakened, the public health incidents in Turkey and India are increasing, and the blockade adopted will restrain the demand for the European market. European producers said that their supply will increase in May, but they are still in a tense state. Market traders said that Turkey's current market demand is slowing down, procurement has been reduced, and European exports will be sold at home, thus easing the tension in Europe. There are still manufacturers in Europe carrying out routine maintenance plans, and the supply is slightly tight.
The spot price in Europe was 1440 euro / ton, while the CFR price in Turkey fell 10 to 1890 US dollars / ton, and the FOB price in northwest Europe fell 10 to 1720 US dollars / ton.
The FOB price of PVC in the United States is maintained at 1740-1760 US dollars / ton in Houston, and the 512000 ton plant in Louisiana of the United States of Formosa Plastics plans to start a one month maintenance plan, but the market supply is still slightly tight. In addition, West Lake Chemical started a one month overhaul of its three chlor alkali plants in Lake Charles in mid May. By 2020, West Lake Chemical's geismar plant in Louisiana and Burghausen plant in Germany have increased the PVC production capacity by 340000 tons per year. Xinyue will also complete the expansion plan in the middle of 2021, and its Louisiana plant output is expected to increase by 58%, reaching an annual output of more than 1 million tons; In addition, the Louisiana State of the United States has plans to increase the production capacity by 130000 tons after optimizing the production line, which is planned to be completed in the fourth quarter of 2021.
Asia's PVC market fell 20-30 US dollars / ton, affected by the weakening demand of India. Affected by the public health incident, India's local blockade reduced the demand for PVC downstream. The domestic price of PVC in India dropped 10 rupees to 125 rupees / kg (about US $1480 / T). India imported 200000 tons of PVC in April, 40% of which came from China's calcium carbide process PVC. Previously, due to increased demand, imports increased, but with the demand for sales, the market is facing selling pressure. In addition, due to the relatively weak demand in India, the price in June is generally lower than that in May by US $100-200 / ton.
The price of PVC in Latin America fell 90 US dollars to 1780 US dollars / ton CFR wcsa. Brazil's demand is sluggish, and Mexico, Asia and other countries are also under competitive pressure (CFR Brazil China's quotation is US $1650 / T). The trading price is expected to slow down in June, and the decline is expected to be even greater after August. The short-term shortage of us supply is conducive to market stability.
June 25, 2023
April 03, 2023
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June 25, 2023
April 03, 2023
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