The reasons for the rise of PVC paste resin

March 10, 2021

tianyuan pvc paste resin p440

PVC Paste Resin is widely used downstream, mainly large plates and gloves. The market price of PVC paste Resin has been lower since the second half of 2020, and the price of PVC paste resin has stabilized before the year. The mainstream price of large plate materials is 11000-20000 yuan / ton, and the mainstream price of gloves is 23500-24500 yuan / ton. By the beginning of March, the mainstream price of large plate materials was 14000-16000 yuan / ton, and the mainstream price of gloves was 24500-26000 yuan / ton. It can be seen that the price of large plate materials increased by 27%, and glove material increased by 6%. The analysis is as follows:

1. raw calcium carbide: the domestic calcium carbide market continued to increase in February, rising at 450 yuan / ton. The market was mainly cautious in the early spring festival, and the market was in a tight supply situation. However, considering the uncertainty of transportation during the holidays, the market remained stable. After the Spring Festival, there are still irregular power restrictions in Inner Mongolia, with limited supply and the market supply tension strengthened again.

2. raw material VCM: due to the tight supply of EDC affected by the cold tide in the United States, the post festival atmosphere in Asia was bullish, and the US export price of vinyl chloride was USD 1170 / T FOB USG, and the domestic price of vinyl chloride monomer in the United States was 64 cents / pound. Asian EDC prices rose this week, with Southeast Asia up $45 to $630 / T CFR, and local producers are still keen to continue to raise prices to $700 / T CFR northeast / Southeast Asia.

3. downstream: there is an expanded glove production line at the end of April, and there is still a large space for market demand in the future. The stock market starts to replenish after the festival, and seed emulsion method supplies tight supply market.

Summary: the price of raw materials calcium carbide has limited impact on PVC paste resin, but the price of VCM has risen rapidly, which affects the purchasing cost of ethylene process enterprises to a certain extent. The price of VCM Far East is directly driven from 8000 yuan / ton before the year to 8500 yuan / ton, up 6.25%. Since the beginning of the Spring Festival, the price of PVC paste resin has been mainly based on the seed emulsion method, plus the lower price of the glove material, which makes the price difference between the different grades of the paste resin shrink, but the quotation of the market price is still in a state of confusion. In conclusion, it is expected that the price will be high consolidation in the later period, and the price of gloves in the first half of the year will still have some support.

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