The PVC (Polyvinyl Chloride) price has risen significantly in the North American market in recent weeks due to insufficient inventories and high selling costs in the face of slowed-down production rates. Moreover, the approaching Hurricane season has brought the state’s industrial production for PVC to a standstill, although the production rates in the upstream market restarted in mid-May. Moreover, the upstream Ethylene prices surged this week. The PVC prices in the US market were significantly driven up due to high input costs, and the sellers were compelled to pass the cost burden to the existing consumers in the PVC market for the time being.
In the week ending June x, xxxx, the US PVC export prices surged by approximately USD xx/MT on average, driven by tighter global supply and freight challenges that outweigh increasing domestic production. Meanwhile, Occidental Petroleum Corporation in Texas with a...
