Polyvinylidene Chloride Resins Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Polyvinylidene Chloride Resins in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Polyvinylidene Chloride Resins Price Trend for the First Half of 2023

Asia

The Asian price trends for Polyvinylidene Chloride Resins were observed to be bearish throughout the first half of 2023. PVDC prices mostly fluctuated at the lower end. It was dull demand from the downstream construction and packaging industries that kept the Polyvinylidene Chloride Resins prices riddled. Uncertainty around crude oil prices and high amounts of existing inventory stocks also aided the downfall. Overall, low swinging price patterns were observed for PVDC Resins throughout the Asian region.

Europe

The European Polyvinylidene Chloride Resins market behaved no differently than its Asian counterpart. Inventory stocks were overflowing, and the construction sector had taken a major hit as the cost of living rose amidst mounting inflation. This led to the tumbling down of market offtakes and the slowing down of market fundamentals. Overall muted market sentiments were observed for Polyvinylidene Chloride Resins prices throughout the said period.

North America

The North American Polyvinylidene Chloride Resins market followed the global declining price trends as well. As the interest rates grew across the USA because of failing of two major banks, people’s investment behaviours altered, leading to declining investments in the construction sector. Upstream costs were reduced reasonably because of freight normalization and a decline in crude oil prices. Low offtakes led to supply overflow, causing the price trends to tread on a downward trajectory.

Analyst Insight

According to the Procurement Resource, Polyvinylidene Chloride Resins prices are expected to remain unsettled in the coming months, given the high inventory stocks, falling feedstock prices and sluggish demands.

Polyvinylidene Chloride Price Trend for the Second Half of 2022

Asia Pacific

The Asian European market saw a sluggish demand from the end-user industries for the commodity. The construction sector witnessed a huge drop in consumer confidence as inflation rose, a major cause of the decline in PVDC prices. September typhoons in several Asian regions and weak market conditions resulted in a bearish trend throughout the third and fourth quarters.

Europe

The European market witnessed a decline in the third quarter supported by weaker domestic offers from the region’s downstream construction industry. Upstream energy costs consistently remained high, and the Russian energy and oil supply bottleneck continued to be a major problem for the market producers. The rise in inflation also impacted the consumers’ willingness to purchase the commodity. These market uncertainties continued to play a major role in the decline throughout the said period.

North America

The PVDC market kept bearish in the said period considering the low upstream feedstock costs for polyvinyl chloride and weak downstream demand from the building industry. Due to constrained house-building activities in the region, there was a slowdown in construction demand, which negatively affected the price trends for polyvinylidene chloride resins. Another factor that assisted in the decline was the tensions/congestions in the West port of North America causing long delays in shipment, thereby hampering the overall logistics.

Analyst Insight

The prices of Polyvinylidene Chloride are likely to remain volatile during the coming months considering the current market momentum. As the demand from the construction industry recovers steadily, the prices are expected to stabilize in the long run.

Procurement Resource provides latest prices of Polyvinylidene Chloride Resins. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.