Japan Chemical Trading Blog
PVC Price Decreased
According to the Nikkei Newspaper on October 1, “PVC resin price dropped in Asia, going down to a spot price of USD 1000-1020 per ton, the lowest price in the last 5 months”.
PVC is an inexpensive widely applied plastic made from chlorine, produced from salt and ethylene obtained from naphtha.
Generally, the demand for petrochemical products is rather sluggish these days, PVC doesn’t make an exception. Inquiries for the product are particularly weak in China and India.
Facing the naphtha price drop and a poor demand, reversal of the market situation can be hardly expected for the time being.