For the Quarter Ending March 2023
The price of Poly Vinylidene Fluoride in the US market showcased a southward trend in the quarter ending March 2023, owing to the abundant inventories and slowed down inquiries in the downstream construction and other competitive markets.
Moreover, the Poly Vinylidene Fluoride offers in the US market were weighed by the rising interest rates and bearish consumer buying sentiments. The PVDF enterprises also felt the competitive cost pressure in the domestic market of the USA, impacting the final discussion of the commodity this quarter. In addition, the volatility in the upstream crude oil prices put input cost pressure on the fluorides.
In Asia, Poly Vinylidene Fluoride prices showed bearish sentiments as the prices varied very slightly in the three months ending in March 2023 as a result of the erratic nature of upstream crude oil prices. In the midst of China's economic outlook's gradual improvement, market players exhibited a wait-and-see attitude. Additionally, the price of Poly Vinylidene Fluoride in the APAC market during the first quarter of 2023 was impacted by the lack of downstream demand from the piping and construction demand. Market participants destocked inventories at lower margins as a result of the country's slow economic recovery, which had an impact on the product's final discussion in the first quarter of 2023.
The price of Poly Vinylidene Fluoride showed a downward trend with a slump in downstream momentum in the quarter ending March 2023 as ample availability of stocks and competitive offers pressured commodity prices downward. The Poly Vinylidene Fluoride inquiries were weak in the domestic and international markets, and the enterprises felt uncertainties in the market. The surge in interest in living and the cost of living crisis causes financial stress to Poly Vinylidene Fluoride consumers. Meanwhile, imports remained sufficient in the regional market. High inflation coupled with sluggish economic growth kept trading activity tied up to basic needs only in Europe.