The hottest market demand is weak, and PVC prices

2022-08-12
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Market demand is weak, PVC prices in Southeast Asia fell

affected by weak market demand, imports from Southeast Asia and local PVC prices have declined since April

market analysts pointed out that the overall poor trend of PVC in this region was mainly caused by weak market demand. Most PVC buyers in Southeast Asia said that due to the sluggish demand in the downstream end market, their cloth noodles felt warm and soft at present. They had sufficient inventory and did not have much need to cover their positions

at the same time, local PVC suppliers believe that the demand for PVC in Southeast Asia will not improve in the short term (1) in January 2017, when the imported raw spodumene ore exceeded 1.7 million tons. Therefore, they are cautious about the overall trend of PVC in the region in the future. Before the necessary price adjustment, these suppliers said that they would patiently wait for the quotation of Formosa Plastics petrochemical, a large PVC importer in Taiwan, for PVC import shipments in May as a reference

according to a PVC manufacturer from China, in order to reduce the heavy pressure on sales and control the situation of overcapacity, he is considering further reducing the unit operating rate. "At present, there is no sign of rebound in domestic PVC demand, and India has further increased its anti-dumping efforts for PVC from China. The key is to learn to think, be good at analysis and make correct decisions. In view of this, we plan to turn our attention to the Southeast Asian market. However, we believe that even in Southeast Asia, the PVC market price will not rise before May." The manufacturer said

Indonesian PVC manufacturers said that at present, most buyers in the country are not interested in buying, and they are waiting for the opportunity, looking forward to the arrival of a new round of price reduction frenzy in May. A Japanese supplier stressed: "although India has reduced the anti-dumping duty on PVC from Japan according to the latest anti-dumping duty policy on PVC resin, the high freight still makes us flinch. In terms of freight, China has a strong geographical advantage."

Vietnamese traders said that despite the current poor domestic market demand, local PVC manufacturers have not made corresponding price adjustments. The trader predicted that PVC prices in Vietnam may fall in the next few days due to the lower cost of upstream raw material VCM

a broker in Malaysia said that since the end of March, some PVC production plants in the country have been forced to stop for maintenance due to production failures. Affected by this, the current PVC market demand in Malaysia is better. This acceptance was carried out in other Southeast Asian countries by an expert group organized by the China Building Materials Federation commissioned by the Ministry of science and technology. However, the middleman also pointed out that with the gradual resumption of production of production plants and the influx of Chinese cargo, local PVC will also face a decline. "Since India increased its anti-dumping efforts against China's PVC resin, China is facing huge sales pressure. In addition, the current domestic market demand of the country is not very ideal, so Southeast Asia will become its main export market." The middleman said

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