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 Q3 2019
European polyvinyl chloride (PVC) supply was broadly speaking stable in the second quarter, with trends differing depending on the specific market and time period. A number of planned and unplanned shutdowns occurred in May and reduced domestic availability. In June, the global market tightened because of production issues in Brazil and European export availability fell as a consequence. Market trends were for the most part in line with feedstocks, suggesting that supply and demand was balanced for the quarter.
European PVC demand indications were lower in the second quarter as the economic outlook remained cloudy and some markets suffered from the aftereffects of specific impacts. In the UK, buyers built additional stocks before the original Brexit date in March 2019 and ran them down during the second quarter, reducing demand. Turkey also saw low consumption following a recession in the construction sector and political uncertainty. PVC demand is strongly tied to overall GDP and economic trends.
Updated to Q2 2019
For much of Q2, the polyvinyl chloride (PVC) market remained adequately supplied in Asia as the continued trade dispute between China and the US slowed down many economies in the region. On the other hand, regional supply started to tighten in late Q2 amid northeast Asian producers’ turnarounds. A major chlor-vinyl producer’s outage in Brazil also led some Asian producers to allocate additional volumes to Latin America.
Signs of a slowing global economy amid the continued trade dispute between China and the US led to sluggish demand in Asia for much of the second quarter. Demand in southeast Asia started to pick up in early June after the Eid ul-Fitr holidays. This was in contrast to China’s demand, which remained limited.
Polyvinyl chloride (PVC) supply in Latin America during Q2 was adequate, but started to tighten due to Braskem’s issues at its Alagoas salt mine that left the company without brine for ethylene dichloride production to feed its PVC plant. Brazil imported PVC from the US and Argentina. Mexico and Colombia continued to compete in export markets shipping material to South America. Asian product was also offered in countries along the Pacific coast of South America.
PVC demand in Latin America in Q2 was modest in line with the approach of a seasonal lull in demand and unfavourable economies in most countries in the region. However, demand strengthened in mid-May, pushed up by a shortage of feedstock and PVC at the Braskem facility in Maceio, Brazil. Demand in Argentina was sluggish as the country is attempting to emerge from a recession that started in 2016.
Supply of PVC in Q2 2019 was mixed in India. A lack of demand for imports for most of the quarter resulted in higher supply. Supply was constrained later in the quarter given several turnarounds at main exporters’ facilities in northeast Asia. In the Middle East, supply was mostly long, as trade was weak amid the Ramadan fasting period and Eid festivities. A major domestic supplier was plagued by ample stocks due to lacklustre demand.
Demand for PVC in Q2 2019 was mixed in India. Early in the quarter, trade was slow as participants waited for the results of the general elections and antidumping duty (ADD) reviews to provide market clarity. Demand picked up in the later part of the quarter as buyers sought to replenish inventories ahead of the upcoming monsoon. Middle Eastern demand was weak for most of the quarter, amid a lack of funding in the construction sector.
US producers increased production rates during the second quarter, on expectations of the usual spring demand uplift ahead of the beginning of peak production season. But a long winter delayed construction activity and US domestic supplies grew. A demand lift in late May started to reverse the trend and to remove the excess material from warehouses.
The usual spring demand surge ahead of construction season was two months late this year as severe winter weather, flooding and other problems made building sites unworkable. Demand did increase, but at a much slower pace than expected, down 3.6% for the year through May. June likely pushed demand higher as seasonable weather allowed more activity throughout the US.
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.
HOUSTON (ICIS)--The US will abstain from raising tariffs on $250bn worth of Chinese goods next week, part of a preliminary agreement that the two sides reached on Friday. Image by Shutterstock The...Read
MOSCOW (MRC)--Kazanorgsintez plans to resume low density polyethylene (LDPE) production at its third line this weekend after a scheduled turnaround, according to an MRC Price Report. The company,...Read
MOSCOW (MRC)--Uz-Kor Gas Chemical plans to take offline its production of high density polyethylene (HDPE) polymers for a 10-day turnaround on 14 October, according to an MRC Price Report. The...Read
This analysis has originally been published in an extended version for ICIS EU carbon subscribers on 8 Oct 2019 at 15:06 CET. The International Civil Aviation Organisation (ICAO) met at the...Read