North America Leads PVC Resin Market Growth Amid Construction Boom and Medical Demand
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North America continues to dominate the polyvinyl chloride (PVC) resin market due to its robust construction sector, rising healthcare expenditures, and increasing urbanization. These factors are expected to drive steady market growth in the region.
Domestic Polymer Price
- PVC Low K (DG700) Rs 79 Ex Nhava Sheva/Mundra
- PVC Low K (B57) Rs 82.75 Ex Nhava Sheva/Mundra
- PVC LG LS100H Rs 76.75 Ex Mundra/Bhiwandi
- PP Raffia (-1) Rs 89/kg levels Ex Godown
- PP Film (-1) Rs 98.50/kg levels Ex Godown
- PPCP (-2) Rs 95.75/kg levels Ex Godown
- PP Lamination (-1) Rs 96/kg levels Ex Godown
- LLDPE (±0) Rs 86/kg Ex Mundra/Bhiwandi
- LDPE prices are around (±0) Rs 116/kg Ex Mundra/Bhiwandi
- HDPE PE100 Natural (±0) Rs 86/kg Ex Mundra/Bhiwandi
- HDPE PE100 Black (±0) Rs 88/kg Ex Mundra/Bhiwandi
- HDPE HM (±0) Rs 88/kg Ex Mundra/Bhiwandi
- HD Blow Molding (±0) Rs 91/kg Ex Mundra/Bhiwandi
Supply and Demand Insights
- North America continues to dominate the polyvinyl chloride (PVC) resin market due to its robust construction sector, rising healthcare expenditures, and increasing urbanization. These factors are expected to drive steady market growth in the region.
- Globally, the thriving building and construction sector is fueling demand for PVC resin in applications such as flooring, pipes and fittings, and roofing, contributing significantly to the market's expansion.
- The preference for PVC resin over alternatives like polypropylene, polyethylene, and polyethylene terephthalate in medical applications, including blood sets and coverings, is further driving its market demand.
- However, environmental concerns surrounding PVC remain a key challenge for the industry, potentially slowing down market growth.
Recent Market News
- Polyvinyl chloride (PVC) prices have declined in Europe.
- Crude oil faces downward pressure from oversupply forecasts, despite stimulus measures in China.
- Reliance Industries Limited has raised domestic prices for purified terephthalic acid (PTA) in India.
- Fujian Refining and Petrochemical has resumed production at its No.2 LLDPE/HDPE unit.
- GS Caltex plans to operate its No.1 FCC unit at near-maximum capacity.
Market Overview
Domestic supply has been sufficient to meet most market requirements, leading to reduced interest in import offers. This trend indicates a stabilized market environment with minimal reliance on external sources.
Daily Market Report
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The polymer market continues to see steady price movements, with minor changes in LLDPE and HDPE grades. Meanwhile, the PVC industry faces challenges such as fluctuating raw material costs and shifting environmental policies, requiring collaborative efforts for resilience. Industry news highlights stable trends in toluene and naphtha, alongside key production updates and investments in biorefineries.
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