Our comprehensive Polyvinyl chloride (PVC) reports covered by our locally-based experts, help to keep you abreast of the latest market developments and make vital business decisions. The weekly ICIS price reports are published in Asia, China, Middle East/south Asia, CIS, Europe, the US and Latin America. Price assessments vary depending on the region and include spot, import, export, domestic and contract prices.
Our independent and unbiased commentary includes an overview of weekly market activity, demand and supply trends, production issues, upstream movements, graphs and economic news.
Updated to Q2 2021
In early Q2, Asia continued to see tight deep-sea supply from US producers, as they continued to see several production hiccups, as well as improved domestic demand in the housing sector. This was offset in late Q2 by improving supply from Asian producers, due to sluggish demand in the major import market of India amid lingering coronavirus-related concerns. Asian producers subsequently offered to other regions such as southeast Asia and China in greater quantities.
As Latin America began to see a slow improvement from their regular US suppliers towards late Q2, demand for Asian material subsequently began to fall. Volatile shipping costs due to global trade imbalances also hampered discussions. Demand for Asian material in the major import market of India also remained suppressed for much of Q2, due to lockdowns and other complications arising from coronavirus infections in the country.
Supply was tight through Q2 due to domestic production issues and maintenance turnarounds. KEM ONE and Vynova had force majeure declarations at several plants, which combined with maintenance turnarounds, was enough to reduce supply. The arbitrage from the US to Europe was closed due to a combination of tariffs and higher prices.
Demand was strong in Q2, with the construction industry booming as economies re-opened following the coronavirus pandemic. The shift towards home working combined with a lack of any outlet for disposable income encouraged people to renovate. In the global market, trends were mixed. Asian demand fell at the end of the quarter on the back of resurgent coronavirus cases and Turkish consumption fell because of public holidays in July.
Import PVC supply in South Asia and the Middle East remained tight amid ongoing outages and production cuts on a global scale. This saw improvement later in Q2 as some Asian supply came back online, and export quantities increased from China.
Demand for PVC in the Middle East and South Asia weakened in the middle of Q2, amid a second wave of the coronavirus pandemic which led to drastic cuts in downstream pipe processing facilities. This resulted in a sharp fall in demand as end-users were unwilling to build inventories amid lockdowns and curfews.
Supply in Q2 was very tight as demand was robust from the construction sector. US maintenance and force majeures at the chlor-alkali level reduced availability of US resin exports. Shortage of monomer in Mexico and Colombia exacerbated the supply situation in the region.
Demand in Q2 was strong, but it started to weaken in the second half of the quarter as the number of coronavirus infections rose and PVC prices surged along with higher freight costs from Asia and within the Americas.
The quarter began with PVC supply severely restricted from the February freeze that knocked out more than 70% of US PVC production capacity. Not only were PVC plants impacted, but chlor-alkali plants were especially impacted and other feedstocks were also disabled. The restoration of production capacity has therefore been slow, but improved steadily through the quarter. Q2 ended with production issues remaining at a couple of major plants.
Domestic demand has been strong since the end of the pandemic lockdowns of Q2 2020. Low interest rates for borrowing, lifestyle changes for the shift to work-from-home for many workers and fewer expenses from eating out or vacations kept renovation and new construction activity strong. The strong domestic demand limited exports, typically the sales channel for one-third of US production.
We offer the following regional Polyvinyl chloride analysis and news coverage to keep you informed of factors and developments affecting prices in the Polyvinyl chloride marketplace.
Price Reporting – More information about the price reports we publish on Polyvinyl chloride
Independent price assessments and market coverage by region
Related products – You might also be interested in the information we publish on these related products
You may also find useful
Price History – More information about the historical price data we publish on Polyvinyl chloride
Track historical price data
News & analysis
News & Analysis – News & market analysis specifically relating to Polypropylene
Breaking news of latest developments affecting the markets. Insight and analysis of factors driving prices.
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 settl ements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Information covered in our price reports includes:
Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences.
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.
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.
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.
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.
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.
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 Polyvinyl chloride, 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.
PVC is produced from the polymerisation of Vinyl Chloride Monomer (VCM). It is a versatile thermoplastic with a wide range of uses including pipes & fittings, profiles, cables, flooring, films & sheets
Polyvinyl chloride (PVC) occurs as white, amorphous, odourless powder. It is soluble in nitrobenzene, cyclohexanone, and tetrahydrofuran but insoluble in vinyl chloride. It is resistant to dilute alkalis and acids but is attacked by concentrated nitric and chromic acids.
Two types of PVC homopolymer are produced: rigid resins which are inflexible and hard; and flexible resins which contain a large proportion of plasticiser to make them soft and can be stretched. Products made from rigid PVC include pipe and conduit and roofing tiles.
Flexible PVC finds outlets in wire and cable coating, flooring, coated fabrics and shower curtains. Other outlets for flexible PVC are film and sheet and flooring.
Polymerisation is normally performed at 40-70oC with the vinyl chloride monomer (VCM) in a liquid state under pressure in a batch reactor. Suspension polymerisation is the most common PVC process because the resins produced are the most versatile and suitable for a wide range of applications.
The resin produced from the polymerisation process is hard and brittle and requires conversion into a compound by the incorporation of additives such as plasticisers, modifiers, stabilisers and processing aids before conversion into finished products.