Poly Vinyl Chloride (PVC) Prices Expected to Remain Stable in the USA
- 22-Nov-2021 2:41 PM
- Journalist: Patricia Jose Perez
The prices of the Poly Vinyl Chloride are expected to remain steady in the USA during the upcoming week as the demand from the export markets remains high with the domestic supply matching the rising demand for the material. The prices of suspension grade PVC reached all time high of USD 1960 per tonne in mid-September. The prices have been steady since then with the price level being similar for the months of October and November also.
The prices experienced a hike in the month of September due to hurricane Ida related supply constraints which led to several plant shutdowns in the country pushing the prices upwards in the month of September. The prices have been following a flat trajectory since September as the supply which has been reviving after the Ida related shutdowns is able to match the rising demand from the export market in the US.
Poly Vinyl Chloride is a polymer which has major application in construction and automotive sector. It is mainly used to manufacture pipes and cables and automotive parts. The global demand for Poly Vinyl Chloride stood at around 43 million tonnes in 2020 and is expected to rise at a CAGR of around 4% during the upcoming years till 2030.
As per ChemAnalyst, “the prices of the PVC in the USA are expected to remain steady and maintain the current levels at around USD 1960 per tonne during the upcoming month also. The reason for a stable price is that the supply is matching the demand successfully. The prices are expected to fluctuate a little bit after the upcoming month as the supply increases and sufficient demand supply gap arises. The fluctuation in the prices is expected to continue to the first quarter of the next year.”