Review of the hottest weekly international PVC mar

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Weekly review of international PVC market (12.10

prices in Europe and the United States fell due to the impact of the continued decline in internal consumption due to the still unsatisfactory market performance. Prices in Europe and France were higher, at 28..70 cents/pound; Italy was the most negative, at 22..30 cents/pound. The export price fell by $10 from the previous week, to $per ton FOB northwest Europe. The U.S. pipeline grade resin continued to hover at $per pound, general-purpose grade cents/pound. The export price fell by $20 from the previous week, to $per ton FOB U.S. sea Bay

in Asia, Japan will first increase the quotation in January next year to 440 US dollars/ton CFR, and is determined to raise the market price in January next year to make it rebound faster. Compared with December, the Japanese quotation increased by $20. Many PVC manufacturers in Asia have reduced their operating rates, and vendors have reduced the pressure on inventory. They believe that the situation will be better in January next year, with the price of USD/ton CFR (equivalent to the import cost of yuan/ton). After China's accession to the WTO, tariffs have fallen in Hainan and Yunnan respectively, and PVC has fallen from 16% to 12.8% since 2002. Foreign countries believe that it has little impact on China's large PVC production plants, but it will have an impact on small calcium carbide PVC production plants. The import of Russian resin has always enjoyed the preferential treatment of halving the value-added tax of border trade. After China's accession to the WTO, the preferential treatment will be cancelled. Unless the price is reduced, Russian resin will no longer be competitive

pvc raw material VCM due to the negative demand for PVC, the export prices of VCM in Europe and the United States fell across the board. At present, the quotation in Europe is USD/ton FOB northwest Europe, while it was USD/ton FOB northwest Europe in early December. The US quotation is USD/ton FOB US Gulf, while it was USD/ton FOB US Gulf at the beginning of December. Under the demand of technological innovation and convenient operation, the transaction price in Asia was USD/ton CFR, unchanged from the beginning of December. Jiangsu North chlor alkali counteroffer of 290 US dollars/ton CFR was rejected in December. Therefore, it is unlikely that VCM will continue to decline, and it is very likely to follow the rise of PVC quotation in January next year to reach more than $300/ton CFR

the trend of EDC, another raw material of PVC, is diametrically opposite to that of VCM. Due to the continuous decline of caustic soda prices, American chlor alkali manufacturers are facing the pain of "chlor alkali double decline". Therefore, EDC manufacturers will not allow the price of EDC to decline and cause comprehensive losses. Even if the production is reduced, the price will not be reduced. The rise of EDC has been set, and the quotation reaches USD/ton FOB. The European market is infected by the high price attitude of American manufacturers, and the price is also stable at USD/ton FOB. Saudf and QVC, the two major EDC suppliers in the Middle East, have also kept their quotations high due to the impact test of high prices in Europe and the United States, such as materials whose toughness is sensitive to temperature changes. They have not been contacted before at about $150/ton CFR. Most of the sources of goods are bought by Indian users, and their exports to the Far East are limited

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