Chemical Price | Prices | Pricing | Monitoring | ChemAnalyst

For the Quarter Ending September 2023 North America The North American market experienced a downward trend in  Chlorinated PVC prices  during the third quarter of 2023, with the product's prices decreasing by over 10%. This occurred despite a nearly 10% increase in PVC feedstock prices and a 6% rise in Chlorine prices. Declining industrial activities, particularly in construction, due to higher interest rates, led to low demand in the downstream industrial sector. Mortgage rates reached almost 7% for a 15-year term, further impacting construction activities. The subdued demand resulted in a surplus of inventories, which had to be sold at negotiable rates, eroding profit margins. Additionally, weak international demand, especially from importing markets like Mexico and South America, contributed to the overall bearish situation, overshadowing the gradual recovery in the downstream fluid circulation industry. APAC In the Asian market, Chlorinated PVC prices faced a bearish situa...