Since October, the market price of PVC continued to fall in September and continued to fall. On October 17th, the PVC price of the calcium carbide method in the northwest of China dropped to 6,800 yuan (t price, the same below). The price of PVC in the East China market fell to 7,000 to 7,100 yuan, and the price of ethylene in the East China market dropped to 7,700 yuan. Judging from the current market, domestic producers of calcium carbide PVC almost all losses, while the domestic ethylene PVC producers still maintain low profit margins due to the current low oil prices.
The fundamental reason for the continuous decline of the domestic PVC market lies in the serious overcapacity of domestic PVC production. The competition among PVC production companies is fierce in order to guarantee the existing market share. At the same time, the shrinking of the domestic real estate market has led directly to the shrinking of PVC pipes, profiles and cables and wires. In addition, the PVC sheet and PVC film market is also very sluggish this time. Another reason for the lower PVC market is that the calcium carbide process PVC raw material calcium carbide prices are also very sluggish recently, which also provides cost space for PVC market prices to fall.
The fundamental reason for the continuous decline of the domestic PVC market lies in the serious overcapacity of domestic PVC production. The competition among PVC production companies is fierce in order to guarantee the existing market share. At the same time, the shrinking of the domestic real estate market has led directly to the shrinking of PVC pipes, profiles and cables and wires. In addition, the PVC sheet and PVC film market is also very sluggish this time. Another reason for the lower PVC market is that the calcium carbide process PVC raw material calcium carbide prices are also very sluggish recently, which also provides cost space for PVC market prices to fall.
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