In February xxxx, the European PVC (Polyvinyl Chloride) market demonstrated stability for the second consecutive month, despite facing challenges such as logistics disruptions and surging freight rates linked to the Red Sea turmoil. The PVC pricing trend remained steady as the balanced regional demand and supply chain disruptions prevented any margin recovery for this timeframe. PVC market players express concerns about the potential ripple effects of Red Sea diversions, impacting imports and contributing to elevated global ocean freight rates across the Eurozone.
In the European region, the weak demand conditions have deterred suppliers from seeking price increases, resulting in prices stabilizing at a lower end. PVC Producers aim to avoid further margin erosion, and spot PVC Kxx-xx prices have experienced a continuous downward trend for over one and a half years. Prices in West Europe have even dipped below pre-pandemic levels in some instances. Despite adjustments...
