The ICIS global vinyl chloride monomer (VCM) report is published weekly and covers Asia, Europe and the US. All three regions have price assessments for the spot markets within the report and there is valuable news and analysis within the commentary.
This market intelligence incluces overviews, production news, downstream and upstream movements, economic news, trade statistics and the ICIS Petrochemical Index (IPEX) trends. Whether you are a buyer or seller, this comprehensive business tool will help you to make informed choices.
How we can help
Vinyl chloride monomer news and market information products from ICIS
We offer the following regional Vinyl chloride monomer analysis and news coverage to keep you informed of factors and developments affecting prices in the Vinyl chloride monomer marketplace.
Price Reporting – More information about the price reports we publish on Vinyl chloride monomer
Independent price assessments and market coverage by region
Price History – More information about the historical price data we publish on Vinyl chloride monomer
Track historical price data
News & analysis
News & Analysis - News & market analysis specifically relating to Vinyl chloride monomer
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Vinyl chloride monomer: Market overview
Updated to Q2 2018
European vinyl chloride monomer (VCM) supply is expected to remain constant in Q2. There are some upcoming planned turnarounds for downstream polyvinyl chloride (PVC). However, because these have been anticipated by both the buy and sell side, and because VCM merchant demand is structurally very low, this is unlikely to affect availability significantly.
European vinyl chloride monomer (VCM) demand is expected to be seasonally higher in Q2 because of increased activity in the downstream polyvinyl chloride (PVC) market. Construction demand is expected to be seasonally higher in Q2 as a result of better weather conditions, which will also increase the consumption of PVC. The vast majority of VCM produced in Europe is used to produce PVC. However, spot sales are expected to remain limited in Europe because of the heavy integration of the VCM industry.
Demand for US vinyl chloride monomer (VCM) will grow during Q2 as the vinyls industry ramps up production ahead of peak demand season for derivative polyvinyl chloride (PVC).
Demand will increase for vinyl chloride monomer (VCM) during Q2 for both internal use by US PVC producers and in export markets in Latin America. US producers expect domestic demand for PVC to surge to repair hurricane damage in Texas and Florida, and to rebuild following wildfires in California where more than 10,000 structures were destroyed.
Vinyl chloride monomer (VCM) supply in Asia is expected to remain largely stable in Q2 as producers grapple with rising upstream ethylene costs and an uncertain outlook for key derivative PVC. While one southeast Asian producer has successfully expanded its capacity by almost one-third to 350,000 tonnes/year since early April, several northeast Asian producers have scheduled maintenance shutdowns during the period. Elsewhere, a Japanese producer with a 850,000 tonne/year plant started off the quarter with an unplanned shutdown at its VCM, ethylene dichloride (EDC) and caustic soda units due to power issues.
The outlook for key derivative PVC, which is the key driving force behind market trends in VCM, appears mixed for Q2. PVC supply in northeast Asia is likely to be tighter than usual, with one key producer undergoing on a month-long turnaround between June and July. However, PVC demand in the key south Asian market of India is expected to weaken ahead of the monsoon season which starts in June. These opposing factors have contributed to a climate of uncertainty for the PVC market, which in turn leads to a cloudy outlook for upstream VCM.
News & analysis
Vinyl chloride monomer news & analysis
Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settlements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Information covered in our price reports includes:
- Spot and contract price assessments
- Market commentary on trends and developments
- Transactions reported and confirmed
- Plant and production news
Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences.
Price forecast services
Produced by the ICIS Consulting team, these reports give a robust rolling 12-month price forecast, trade balances and in-depth analysis into where markets are heading – providing a valuable tool to support your short- to medium-term plans.
Dashboard – Easy access to ICIS pricing data
ICIS pricing intelligence is delivered to you online via the ICIS dashboard. Here you can view your reports and also access other useful services including related news, analysis, historical data and market alerts.
ICIS dashboard also makes it easy for you to create pricing charts, download price history and export data to create tailored analytical models.
- Find more about ICIS dashboard >>
- Find out more about new ICIS data delivery options: Excel Plug-In & API >>
ICIS weekly margin reports deliver the detail you need to understand how production costs and prices are affecting margins, enabling you to judge the likely impact on your business and optimise your upstream and downstream business decisions.
Supply and Demand Window on ICIS Dashboard
The Supply and Demand Window on the ICIS Dashboard provides a snapshot view of historical and forecast information for supply and demand, production capacity and trade flows – a key tool to help safeguard future investments within the chemicals market.
24-hour global coverage of breaking news in the petrochemical industry, including updates on production, shutdowns and key transacted deals, keeping you informed of market developments as they happen. The ICIS news service allows you to customise the market alerts delivered to your email inbox, providing the business-critical information you need straightaway.
ICIS Chemical Business magazine
If you want to keep updated on the factors driving price movements in the global chemical markets, ICIS Chemical Business provides a summary of the information you need to support your business decisions. Every week, our global team of experts digests and summarises the key issues and their potential impact on the market – all in one magazine.
Market Studies & Analysis
Supply & Demand Data
An expert view of supply and demand comprising four fully-reconciled databases, giving you access to extensive data for more than 100 markets. Information is included on global and regional trade flows, production, capacity and sources of demand in the short-, medium- and long-term. Data can be downloaded, customised and queried to support your planning requirements and your strategic decisions.
Training & Conferences
ICIS provides specialist training courses across the global petrochemicals, base oils and fertilizers industries. Our training team of industry experts can help you increase your knowledge of the industry and gain the insight and know-how needed to operate and trade effectively.
Find out more about ICIS training courses >>
ICIS produces a series of highly informative and timely conferences. Extensive research is carried out to ensure that each programme delivers the information you need and addresses current industry issues. We source speakers who have the appropriate expertise and experience to deliver excellent quality papers.
Find out more about ICIS conferences >>
Working closely with you to understand your strategies, challenges and ambitions, the ICIS consulting team deliver tailored advice and solutions to suit your unique requirements. With many years’ experience of guiding business leadership teams, we show you how market conditions can make a positive or negative impact on your long-term plans.
ICIS expert consultants can provide your organisation with the insight, intelligence and data needed to build and grow your business in China. We can help you to gain a clear view on the short and long-term supply and demand picture in the chemicals, energy, iron and steel, non-ferrous metals and paper and pulp markets in China.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Vinyl chloride monomer, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.
Vinyl Chloride Monomer Methodology
About Vinyl chloride monomer
Vinyl chloride monomer (VCM) is a colourless gas with a characteristic mild, sweet odour. A toxic and hazardous material, vinyl chloride has been classified as a group A, human carcinogen.
VCM is used almost exclusively in polyvinyl chloride (PVC) manufacture. PVC itself is highly dependent on the construction market, which reflects the ups and downs of the world economies.
With the exception of China, nearly all production is now based on ethylene, which is first reacted with chlorine to make ethylene dichloride (EDC). The EDC is then converted to VCM by thermal cracking. In China, the dominant process to make VCM is based on acetylene produced from calcium carbide which is manufactured from coal and limestone.