Home> Industry Information> PVC paste resin prices continue to fall, when to stop?

PVC paste resin prices continue to fall, when to stop?

June 21, 2021

Tianyuan Pvc Paste Resin P440


Since April, the price of domestic PVC Paste Resin began to decline. After two and a half months of decline, there is no sign that the price of PVC paste Resin has stopped falling.

Since April, the price of PVC paste resin in China has been on a downward trend, with a sharp decline. The market price of glove material has been basically cut. As of June 17, the average price of domestic glove material market was 11250 yuan / ton, down 54.08% from the peak of 24500 yuan / ton in mid March; The average price of bulk market was 10150 yuan / ton, down 35.56% from 15750 yuan / ton at the end of March.

In recent years, prices have been declining continuously, mainly from the perspective of supply and demand. First of all, in terms of supply, with the completion of centralized maintenance of some domestic paste resin enterprises at the end of May, the market supply has increased, and most domestic paste resin enterprises with micro suspension process continued to produce large plate materials in June, resulting in obvious oversupply of large plate materials in the market. Secondly, on the demand side, after part of the downstream products were centrally stocked in the middle and early May, the inventory of raw materials was not fully digested, so the enthusiasm to enter the market was not high. In June, the price of most of the pulp and paper enterprises in China dropped, but the atmosphere of the shipment did not improve significantly. At present, the price of the paste resin of the micro suspension technology is slightly lower and the price of the paste resin of the emulsion process is low. In terms of glove material market, due to the overall weakness of glove products market, less than 30% of the industry started, the demand is poor, only sporadic just need to purchase, and the real price is flexible. As of June 17, the mainstream delivery price of PVC paste resin in East China was 9600-10700 yuan / ton, and the market price of glove material was 10500-12000 yuan / ton. Some lower prices were also heard.

Recently, paste resin prices have been falling deeply, but the shipping atmosphere has not improved, and some enterprises are still under the pressure of shipping

First of all, in terms of raw materials, the price of calcium carbide has stabilized after the recent rise, and there is a strong wait-and-see atmosphere. In the short term, Ningxia's production restriction and Inner Mongolia's irregular power restriction will continue, and the supply may still decline. However, due to the maintenance of individual PVC enterprises, the demand may be slightly weakened. The supply and demand of calcium carbide will change in the next week, and the game is continuing. The market mentality is contradictory, mainly considering the affordability of the downstream and whether the tight supply of calcium carbide will continue to exist. It is expected that the price of calcium carbide will be stable in the short term, and the wait-and-see will continue, but it is still possible for individual prices to rise.

On the supply side: at present, the quoted prices of some paste resin enterprises that need to mine calcium carbide are lower than the cost line, and they are beginning to suffer losses. If the enterprises have no plan to reduce the load for the time being, the market supply of large plate materials will continue to increase. At present, we only hear that Tangshan Sanyou has a plan for temporary maintenance for 3-5 days, and Inner Mongolia Chemical of China salt has a plan for maintenance at the end of July, So recently, enterprises still have shipping pressure.

In terms of demand: at present, the glove products industry is weak as a whole, the glove products enterprises start low, and the competitors' demand for sleeve materials is less, so it is difficult to show signs of improvement in the short term. Some downstream product industries of large plate materials are about to enter the off-season. Affected by the limited power supply and other factors in South China, the start-up situation is not good, so the demand for large plate materials is also flat.

To sum up, the overall atmosphere of paste resin industry is weak in the near future, and it is difficult to find real benefits for the time being. Although the price of raw material calcium carbide is relatively high at present, paste resin enterprises still have pressure to ship when the supply side remains high. Therefore, the price of bulk materials may still have downward space. In the future, we still need to pay attention to the changes in the start-up situation of paste resin enterprises. Glove material demand is weak, enterprises are still shipping first, so prices or continue to be flexible.

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