Get the latest insights on price movement and trend analysis of Vinyl Chloride in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Vinyl Chloride Price Trend for the First Half of 2023
The Vinyl Chloride market struggled as the Covid 19 lockdown in China had restricted the construction business almost completely. Finally, the onset of 2023 gave some respite to the struggling market. As the construction sector revived after a long time, demands rose for Vinyl Chloride, so the prices were on an inclined trajectory for the first quarter of 2023. But as the inventories replenished and the growth of the construction sector slowed down, Vinyl Chloride prices again started depleting in the second quarter. Overall, mixed price sentiments were observed throughout the said period.
The European Vinyl Chloride market mostly exhibited low price trends during the discussed period. The severe cost of living crisis because of the grave economic recession put the construction sector on the backseat as consumer behaviour became very necessity centric. So, filled inventories in the face of sullen demands pushed the Vinyl Chloride price trends down, and the market exhibited bearish sentiments.
The North American Vinyl Chloride market almost replicated its European counterpart with dull market sentiments. The failure of two major US banks and the rising of interest rates in the USA put a lot of pressure on consumers, and the construction market downsized with very limited queries. This fall in demand made the prices face southwards.
According to Procurement Resource, Vinyl Chloride prices are expected to remain fluctuating as the market will continue to be affected by volatile downstream demands.
Vinyl Chloride Price Trend for the Second Half of 2022
The price trends for vinyl chloride were affected by sluggish demand and weak consumer outlook in the Asia-Pacific region in the third quarter of 2022. Due to declining demand and a low level of inquiries from overseas importers, the level of inventories rose in the market and further aided the declining prices of vinyl chloride. In addition to this, the rise in market uncertainties leading to high inflation levels and port congestion problems negatively impacted the market and even in the fourth quarter of 2022, the prices failed to gain momentum.
The European region was also not much different from the Asia-Pacific in terms of vinyl chloride prices as the rising inflation and low demand from the polyvinyl chloride sector affected the last quarters of 2022. The region also witnessed an additional problem of shortage of labour due to strikes and the contracting purchasing power of the consumers. In addition to this, slow economic growth, rising production costs, and the persistent energy crises in the European region aided in the downward trajectory of the prices of vinyl chloride.
The vinyl chloride market fluctuated in the third and fourth quarters of 2022 in North America. The uncertain energy production costs, sluggish real estate market affecting the downstream polyvinyl chloride market and rise in inventories led to the decline in the prices of vinyl chloride. Certain manufacturing plants were forced to shut their production as the clouds of recession hovered over the region negatively affecting consumer confidence in the market.
According to Procurement Resource, the price trends for Vinyl Chloride are expected to decline in the upcoming quarter. The demand from the downstream polyvinyl chloride industry is estimated to remain sluggish along with the rise in inflation and high production costs which will cause the vinyl chloride market to follow a downward trajectory.
Vinyl Chloride Price Trend For the First Half of 2022
Due to the high cost of ethylene, vinyl chloride prices increased in the first quarter of 2022. Vinyl Chloride production costs increased as a result of a lack of raw materials, which put pressure on downstream businesses to meet market demands. In China, vinyl chloride costs in the first quarter of 2022 averaged 1471 USD/MT.
In Q2, 2022, the price of vinyl chloride increased due to the high cost of the feedstock ethylene. The cost of producing vinyl chloride increased this quarter as a result of inadequate inventory availability and a crippled supply of raw materials from abroad. Moreover, several scheduled maintenance shutdowns at chemical plants contributed to an increase in vinyl chloride prices in Asia.
Due to strong demand from PVC producers downstream, vinyl chloride price trends increased in Europe. Due to a continuing shortfall, the prices of all downstream derivatives of ethylene increased during this quarter. In Germany, the cost of vinyl chloride was estimated at 1383 USD/MT FOB Hamburg in March.
Vinyl chloride prices increased in Europe as a result of strong demand from the PVC sector downstream. The uptick in the inflation rate put upward pressure on the downstream businesses in the European region. In Q2 2022, substantial inflation in Europe contributed to a trend of rising vinyl chloride costs.
Prices for vinyl chloride in North America's first quarter of 2022 remained stable, supported by steady demand from PVC makers further upstream. During the last week of the first quarter in the USA, vinyl chloride prices were estimated at 1311 USD/MT.
Due to strong offtakes from downstream PVC manufacturers, vinyl chloride prices in the North American region remained stable during the second quarter of 2022. A jump in the price movement of vinyl chloride was also caused by an increase in demand from the primary downstream PVC sector and a high rate of inflation.
Procurement Resource provides latest prices of Vinyl Chloride. 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.
Vinyl chloride is a colourless, volatile, and toxic gas belonging to the class of organ halogen compounds. It is primarily used to manufacture Polyvinyl chloride (PVC), a widely used plastic with numerous applications. Vinyl Chloride can cause damage to the liver and is classified as a human carcinogen; hence due to its toxic nature, it is extensively used to make PVC which is stable and non-toxic.
|Product Name||Vinyl Chloride|
|Industrial Uses||Paints/Coatings, Sealants, Polymers/Plastics, Refrigerants, Automotives|
|Synonyms||Chloroethene, Chloroethylene, Vinyl chloride monomer (VCM)|
|Molecular Weight||62.49 g/mol|
|Supplier Database||BASF, Formosa Plastics, Occidental Petroleum, The Dow Chemical Company, Westlake Chemical|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Vinyl Chloride Production from Ethylene Dichloride; Vinyl Chloride Production from Ethylene and Chlorine; Vinyl Chloride Production from Acetylene; Vinyl Chloride Production from Ethane and Chlorine.
Vinyl Chloride Production from Ethylene and Chlorine: In this method, ethylene is converted to 1,2-dichloroethane (ethylene chloride) by reaction with chlorine. Then, 1,2-dichloroethane is heated in the presence of a charcoal catalyst giving vinyl chloride.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.