Jan 04,2021 ; CNPC Sichuan shuts Paraxylene Unit. “PVC price uptrend continues with another hike of ₹ 4/kilogram (kg), or 3.7%, w.e.f. August 20, 2020. by Scott Thompson. The PVC increase is the fifth consecutive monthly hike. This can be difficult to explain because the price rises are not always based on an increase in the … Sources familiar with company operations at Formosa Plastics USA, Westlake Chemical, Shintech, and OxyChem, the chemical division of Occidental Petroleum, confirmed the latest price increase announcements issued July 16-17. But even more frustrating to me is a huge increase in the cost of flat roofing materials, such as PVC. Demand fluctuated in Q3, with buying interest more intense towards the end of the quarter after quarantine measures were eased and the construction sector was reactivated. Westlake Chemical also has an ongoing outage of an upstream vinyl chloride monomer line at its Lake Charles, Louisiana, complex. We have worked in consumer, food and the … PVC Pipe Increase, New Sheet 8/18/20. Updated daily. Downstream consumption rose and increased competition for remaining volumes. Platts Commodities Bulletin is a daily regional round-up of the top, most recent news, in-depth features, information on our events, and a summary of what's new on platts.com. The lack of activity in Q2 had resulted in low inventories for pipe processors, and buyers were keen to buy spot volumes to replenish inventories despite the lull in infrastructure activities amid the summer heat in the Middle East and the monsoon season in India. LONDON (ICIS)--Polyvinyl chloride (PVC) spot prices in several key global markets have soared in early 2020, as worldwide supply shocks squeeze export availability. The Forecast is prepared by purchasing and packaging executives with more than 70 years collective experience sourcing packaging materials. Subscriber Notes inform you of upcoming changes related to the markets that we report on, as well as requests for comment on new assessments, and announcements that assessments will be discontinued. Access latest coal news and analysis, conferences and events. Find out more about the ICIS Supply and Demand Window. Produced by the ICIS Consulting team, these reports give a robust rolling 12-month price forecast, trade balances and in-depth analysis into where markets are heading – providing a valuable tool to support your short- to medium-term plans. In addition, the latest industry statistics show upstream US chlor-alkali rates were 72% in June, down from 75% in May. Related products – You might also be interested in the information we publish on these related products, Price history All four US polyvinyl chloride producers have announced 3 cents/lb price increases for August, in addition to the same amount sought for July and accepted for June. Formosa Plastics USA has two ongoing turnarounds slated to wrap up in the coming days at its 736,000 mt/year chlor-alkali plant in Point Comfort, Texas, and at its 513,000 mt/year PVC plant in Baton Rouge, Louisiana. ICIS weekly margin reports deliver the detail you need to understand how production costs and prices are affecting margins, enabling you to judge the likely impact on your business and optimise your upstream and downstream business decisions. However, PVC availability has been seen as tight. Basically, manufacturers increase prices, while maintaining stable or even lower costs! As restriction measures across the region continued to ease, downstream construction and manufacturing activity slowly increased. PVC piping is shipped in standard 10 foot or 20 foot length sections. If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password. To arrive at the new list prices, divide the September 21 list prices by .90. The companies did not respond to requests for comment. P-619-PF (Previous) PVC Schedule 80 Fittings: List Price Schedule PVC 80-920 (Current) List Price Schedule PVC 80-619 (Previous) PVC … The COVID-19 pandemic hit many industries hard in 2020, including automotives. The resin produced from the polymerisation process is hard and brittle and requires conversion into a compound by the incorporation of additives such as plasticisers, modifiers, stabilisers and processing aids before conversion into finished products. The lower-than-expected rates explained tight downstream supply of ethylene dichloride, a precursor to PVC, for which prices have more than doubled to be last assessed July 14 at $145/mt FOB USG, up from an all-time low of $65/mt May 12, S&P Global Platts data showed. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets. They increase the integrity of the joint and also increase its abrasion resistance. Tight supply dominated market dynamics throughout Q3. Schedule 40 PVC pipe adheres to ASTM D 1784 and is … Products made from rigid PVC include pipe and conduit and roofing tiles. Demand for PVC in the Middle East and South Asia increased in Q3, as most countries had emerged from lockdowns and were eager to resume work. Each PE producer has a $0.03/lb increase set for either September or Oct. 1, and at least four producers have targeted an additional $0.03/lb increase for Oct. 15. PVC is produced from the polymerisation of Vinyl Chloride Monomer (VCM). Insight and analysis of factors driving prices. Many buyers who held off purchasing material at the height of the pandemic saw lower inventories, and subsequently started to restock more actively over the quarter. Houston — When gluing pipe over 12” you should use a slow set glue to provide ample time in getting connections done properly and securely. But demand in Brazil was steadily strong, with buyers importing large volumes from several international sources. ICIS is part of the LexisNexis® Risk Solutions Group portfolio of brands. We have 5 foot sections of SCH 40 PVC, SCH 80 PVC and furniture PVC exclusively available for shipping ground. Polymerisation is normally performed at 40-70oC with the vinyl chloride monomer (VCM) in a liquid state under pressure in a batch reactor. Demand recovered to a level even greater than before the lockdowns as homebound workers refurbished and updated their homes, including adding home offices, backyard amenities and improvements such as new flooring. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. 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