Title: Vinyl Chloride Monomer (VCM) Prices, News, Database, Demand and Supply
1Vinyl Chloride Monomer (VCM) Pricing Overview
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Market Overview Asia In Q3 2020, the demand
for VCM edged up with strong PVC demand which
witnessed a sharp uptick as most of the countries
announced a gradual lift in restrictions over the
construction activities imposed during Q1 and Q2.
India and other South Asian countries started
importing and manufacturing VCM to meet the
growing demand of PVC resin from the downstream
construction and manufacturing sectors. CFR India
offers were raised to around USD 870 per tonne,
tracing an expected uptrend. Japanese demand for
the VCM rose to the years high in July driven by
high volume exports. A leading Japanese PVC
producer Shin-etsu Chemical registered strong
demand from the US and Canada, buoyed by higher
usage of building material for home
maintenance. For more info https//www.chemanal
yst.com/Pricing-data/vinyl-chloride-monomer-69 E
urope The European VCM market in Q3 witnessed
tightness due to planned and unplanned outages
creating potential shortage in the product
supply. VCM production site of INOVYN at Rafnes,
Norway was taken off-stream due to technical
issues prevailing in the plants operations.
Supply tightness was heightened by the immediate
shutdown of the reactor of Spolanas Elbe
Neratovice plant. Increased demand for PVC
brisked the trading activity across European
ports. The regions VCM consumption witnessed a
double-digit decline in Q2 because of the
coronavirus-related lockdowns. However,
sentiments were upbeat moving into Q3 buoyed by
pick up in the construction sector.
2Vinyl Chloride Monomer (VCM) Pricing Overview
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North America The supply of VCM remained snug
throughout Q3 because of power outages heard
across the production units, forcing
manufacturers to stop on-site production.
Hurricane Laura forced shut down of the Westlake
chemicals pair of VCM plants with a cumulative
capacity of 952.5 KTPA since Aug. 27, thereby
impending a huge drop in the regions production
levels. The availability of VCM for export was
restricted despite a substantial rise in the
global demand for PVC. Supply tightness and
robust demand pushed up the VCM pricing curve
which reported new hikes during the third
quarter. How we can help ChemAnalyst addresses
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3Vinyl Chloride Monomer (VCM) Pricing Overview
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- Methodology
- ChemAnalyst gathers information through primary
research surveys conducted with various Vinyl
Chloride Monomer manufacturers, spread across
the domestic and international markets, suppliers
and dealers/distributors to gain insights
into value-chains and demand-supply scenario to
assess the market situation. Thorough study of
the companys annual reports and secondary
sources such as exhaustive search on credible
paid databases, including our internal database
is done to verify the information. All the
collected information is analyzed, evaluated and
presented in chronological order to depict a
meaningful and clear picture of the concerned
market. -
- Our dedicated team of industry experts
comprehensively monitors and analyzes various
aspects of the Global Vinyl Chloride Monomer
market. The team analyzes various industrial
segments, strategic viewpoints and provides an
analysis of the industrys performance in the
long run. This would enable our clients in
efficiently plan their future investments,
mitigate risk, understand the cost dynamics and
strike out a balance amidst market volatility. -
- Critical examination of the impact of COVID-19
pandemic on the global supply chains and shift in
demand patterns with change in buying behavior of
consumers across the globe. -
- Several ongoing development projects across
industries are tracked, followed by the details
of major projects in the development stage, which
can positively or negatively influence Global
Vinyl Chloride Monomer market. -
- Pricing is captured through exhaustive primary
interviews with domestic and international
manufacturers, traders and importers and
customers on monthly and yearly basis. -
- Finally, region-specific markets for Vinyl
Chloride Monomer are analyzed and region-wise
demand pattern is tracked.
4Vinyl Chloride Monomer (VCM) Pricing Overview
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About Vinyl Chloride Monomer (VCM) is one of the
majorly used commodity chemicals with the formula
CH2CHCl. VCM, being a gas needs to be
transported in liquified state under high
pressure. It is high toxic, flammable and
carcinogenic in nature. It is exclusively used in
the production of polyvinyl chloride (PVC) which
is majorly used in the construction industries.
Therefore, the demand of VCM is strongly linked
to the regions PVC consumption, which directly
links with the regions economic development.
China is the largest manufacturers of VCM with
around 40 percent of global capacity followed by
the United States. As VCM majorly used in the
manufacturing of poly vinyl chloride. VCM is
generally produced by the reaction of ethylene
and chlorine to produce Ethylene Dichloride
(EDC). The EDC thus product is made to undergo
thermal cracking to form VCM. VCM is generally
produced via two process, first by the direct
reaction of chlorine with ethylene and second, by
oxychlorination in which ethylene reacts with
chlorine in the presence of hydrogen chloride.