Chlorinated Polyvinyl Chloride Price Trend and Forecast

Chlorinated Polyvinyl Chloride Regional Price Overview

Get the latest insights on price movement and trend analysis of Chlorinated Polyvinyl Chloride in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Chlorinated Polyvinyl Chloride Price Trend for the Q3 of 2024

Asia

In Asia, chlorinated polyvinyl chloride prices faced downward pressure throughout Q3 2024. The market was characterized by oversupply, particularly from China, where domestic producers ramped up production amidst weaker downstream consumption. The soft demand in end-user sectors, including construction and piping, led to sluggish buying interest. Moreover, the drop in the prices of key raw materials, such as chlorine and calcium carbide, further exacerbated the downward trend in the region.
 

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Southeast Asian markets, including Thailand, Malaysia, and Indonesia, were particularly affected by the influx of cheaper imports from China, which caused local suppliers to lower their offers to remain competitive. However, demand remained subdued, with buyers showing little interest in forward purchasing, focusing instead on fulfilling immediate needs.

Europe

In Europe, chlorinated polyvinyl chloride prices saw a relatively stable performance during Q3 2024, although market conditions remained challenging due to sluggish downstream demand. The construction sector, a major consumer of chlorinated polyvinyl chloride, continued to struggle amid high interest rates and reduced activity in residential and commercial building projects. Seasonal factors, such as the summer holiday period, led to a slowdown in demand, with several downstream converters temporarily shutting down their operations for maintenance.

However, production cuts by European chlorinated polyvinyl chloride manufacturers helped mitigate the impact of weak demand, preventing a sharp decline in prices. The cost of upstream raw materials, particularly ethylene and chlorine, remained stable, providing limited cost support for chlorinated polyvinyl chloride producers. European producers attempted to raise prices in response to rising energy costs, but weak market demand constrained these efforts, resulting in a largely balanced market environment.

North America

In North America, the chlorinated polyvinyl chloride market faced mixed trends during Q3 2024. The region's construction and infrastructure sectors, key consumers of chlorinated polyvinyl chloride, continued to experience fluctuating demand levels. While there was some optimism surrounding government-funded infrastructure projects, overall demand remained inconsistent, influenced by higher borrowing costs and a cautious approach to new construction activities.

The North American market also faced pressure from an oversupply of material, particularly with increased imports from Asian producers. This influx led to a competitive pricing environment, with local suppliers forced to adjust their offers to align with market conditions. Additionally, weather-related disruptions, including hurricanes and storms, affected supply chains, causing short-term volatility in pricing. However, by the end of Q3 2024, prices in the North American market began to show signs of stabilization as supply and demand gradually balanced.

Analyst Insight

According to Procurement Resource, the price trend of Chlorinated Polyvinyl Chloride is expected to attain a slight stagnant trend in the upcoming quarters with ample of cost support from the downstream industries.
 

Chlorinated Polyvinyl Chloride Price Trend for the Q2 of 2024

Asia

In Asia, chlorinated polyvinyl chloride prices faced fluctuations influenced by seasonal demand patterns and escalating container shipping costs during the second quarter of 2024. The region experienced lower seasonal demand during the summer holiday period, contributing to price decline in some markets. However, as the quarter progressed, the Asian producers of chlorinated polyvinyl chloride witnessed a gradual increase in prices in response to tightening supply conditions and rising freight rates.

Additionally, the market sentiments were also impacted by maintenance turnarounds at key production facilities in China, such as Erdos and Tangshan Chlor-Alkali plants, which temporarily constrained supply. The overseas inquiries also played a major role in sustaining the momentum of the market, as with elevated freight charges, the profit margins of traders and producers also grew.

Europe

In the second quarter of 2024, chlorinated polyvinyl chloride prices in Europe mirrored the stagnancy observed in the polyvinyl chloride market. Despite expectations of an increase in commodity prices, chlorinated polyvinyl chloride prices faced downward pressure amidst unfavorable supply-demand dynamics and high production costs. The market saw declining demand from downstream sectors like construction and cable manufacturing, escalated by high inflation and sluggish consumer purchasing sentiments.

The import volumes from the US remained low due to ongoing regulatory uncertainties, benefiting local suppliers minimally in terms of supply balancing. However, this did not improve the overall oversupply situation in the European PVC market. However, the price hikes in the Asian markets and limited overseas supply slightly equalized the chlorinated polyvinyl chloride market.

North America

In the US, chlorinated polyvinyl chloride prices remained relatively stable, supported by positive domestic demand and high domestic prices. The US producers also maintained strong pricing strategies, citing solid demand from the construction sector and ongoing supply chain disruptions affecting imports from other regions. Despite downward pressure on feedstock and energy costs, the stability in chlorinated polyvinyl chloride prices persisted due to a striking balance of supply and demand sectors, with sellers generally maintaining price stability or modest increases where supply was constrained.

Analyst Insight

According to Procurement Resource, the price trend of Chlorinated Polyvinyl Chloride is expected to be driven by the expansion of downstream industries and the rising cost of its raw materials in the upcoming quarters.
 

Chlorinated Polyvinyl Chloride Price Trend for the Q1 of 2024

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Asia

CPVC prices exhibited a very close resemblance to its feedstock materials, polyvinyl chloride and chlorine, during the first quarter of 2024. Chlorinated Polyvinyl Chloride (CPVC) prices showcased fluctuation throughout the entire timeframe. Market trends during this period appeared to be influenced by various factors, resulting in a hybrid performance.

Initially, demand remained humble due to sufficient inventory support across different markets, exerting little pressure on prices. However, escalating upstream costs, driven by a stupendous increase in crude oil and energy prices, propelled PVC rates in Asian markets. Despite this riddled performance, the Indian CPVC market outperformed the Chinese market during this timeframe. While Chinese CPVC prices for pipe grade showed a slight decline from January to March, Indian CPVC prices experienced a modest increase during the same period. Overall, positive market sentiments were witnessed in Q1’24.

Europe

In the European Chlorinated Polyvinyl Chloride (CPVC) market, the price dynamics displayed notable variability throughout the observed period. The first segment of the quarter witnessed a discernible shift in sentiment compared to the latter portion. Initially, there was an upward trajectory attributed to factors such as heightened production costs stemming from increased fuel and energy prices following the OPEC+ announcement. This resulted in a subsequent rise in average prices. However, as stockpiles began to outpace demand significantly, prices experienced a subsequent decline. By the end of the said period, average prices for CPVC had started receding.

North America

Fueled by increases in raw material costs and energy expenditures, the CPVC market in the United States experienced positive momentum throughout the initial quarter of 2024. Although market demand remained modest, it provided consistent support to pricing dynamics during this period. Average monthly prices in the American market saw an upward trend, signaling a nominal growth in CPVC prices by March’24. Overall, the market exhibited a tepid yet steady performance throughout the said period.

Analyst Insight

According to Procurement Resource, the Chlorinated Polyvinyl Chloride (CPVC) prices are expected to continue behaving in a similar varying manner going forward as well. The current global trade scenarios will affect regional trade sentiments differently.
 

Chlorinated Polyvinyl Chloride (CPVC) Price Trend for the October - December of 2023

Asia

Chlorinated Polyvinyl Chloride or CPVC is produced by chlorinating polyvinyl chloride by exposing it to chlorine gas. Since Chlorinated Polyvinyl Chloride offers higher strength, heat resistance, and other enhanced properties, it is more suitable for higher temperature conditions like hot cold water distribution systems. However, since the polyvinyl chloride acts as CPVC’s feedstock, their price trend closely align with each other.

During the given period of Q4 of 2023, the CPVC market trend were observed to be more mixed in the Asian markets. The Chinese market was observed to be weaker than the Indian market. The rapid pace of consumption of CPVC in the Indian market, especially from the construction industry, guided these market sentiments. Overall, variations were observed in the CPVC price graph throughout the said period.

Europe

The European Chlorinated Polyvinyl Chloride industry was also found to be riddled during the concerned time frame. Dull demands and stocked inventories pulled the prices down occasionally. Feedstock polyvinyl chloride market prices also didn’t provide any substantial upstream cost support here. The general market sentiments were observed to be weak around CPVC.

North America

The US Chlorinated Polyvinyl Chloride market was relatively more stable than the Asian and European markets. The prices were observed to be tottering between confined limits during Q4’23. These trend suggested a balance between the supply and demand outlooks in the region.

Analyst Insight

According to Procurement Resource, Chlorinated Polyvinyl Chloride prices are likely to continue fluctuating similarly in the coming months, considering the market dynamics and pricing fundamentals.
 

Chlorinated Polyvinyl Chloride Price Trend for the July - September of 2023

Asia

The depreciation in the prices of chlorinated polyvinyl chloride in the third quarter of 2023 was a result of the poor outlook of the downstream industries. During this phase, the feedstock costs appreciated but were not enough to support the falling trend of chlorinated polyvinyl chloride prices. In addition to this, the struggling condition of the economy further reduced the profit margins of traders and resulted in the downward trajectory of chlorinated polyvinyl chloride prices.

Europe

The trend of chlorinated polyvinyl chloride observed in the European countries were exactly opposite of what was seen in the Asia-Pacific region. The chlorinated polyvinyl chloride regional prices appreciated on account of high demand and positive growth of the European industrial sector. In addition to this, the production activities took a fall amid struggling conditions of the supply chains that depleted the level of inventories and resulted in the surge in the chlorinated polyvinyl chloride price trend.

North America

In North America, the price trajectory of chlorinated polyvinyl chloride mimicked the trend observed in Asian countries. The most significant factor in the poor growth of the chlorinated polyvinyl chloride price graph was the fall in industrial activities and the sudden halt in many construction projects. This caused the consumption rates to fall significantly and thus resulted in the fall in the chlorinated polyvinyl chloride price trend.

Analyst Insight

According to Procurement Resource, the price trend of Chlorinated Polyvinyl Chloride are expected to trace an uncertain trajectory on account of oscillating demand and increasing cost of feedstock materials.
 

Chlorinated Polyvinyl Chloride Price Trend for the First Half of 2023

Asia

The first two quarters of 2023 witnessed a surge in the prices of chlorinated polyvinyl chloride. The rise in the number of inquiries from regional and overseas buyers supported the rising prices. This, in turn, led to a decline in the availability of the product in the region, and with severe fluctuations in crude oil prices, the price trend of chlorinated polyvinyl chloride soared upwards.

Europe

The chlorinated polyvinyl chloride market declined gradually in the first and second quarters of 2023. The slow movement of the construction industry was the major cause of this declining trend, followed by the chlorinated polyvinyl chloride market. This was due to high pressure on consumers as the interest rates and cost of living in the region saw a noteworthy incline. Thus, with strong supply, slow demand, and weak movement of the international market, the prices of chlorinated polyvinyl chloride declined.

North America

The high level of inventories and weak demand from the end-user industries with high competition due to the imports from other nations kept the price trend of chlorinated polyvinyl chloride in the negative zone. In addition, the rising interest rates and increasing competitive cost pressure also aided in the downfall of the prices of chlorinated polyvinyl chloride in North America during the first two quarters of 2023.

Analyst Insight

According to Procurement Resource, the price of Chlorinated Polyvinyl Chloride is expected to showcase a volatile trend in the upcoming months. The construction sector is fluctuating in demand, and with rising inflation, the CPVC market is expected to struggle.

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