Global polyvinyl chloride markets face uncertainty going into 2023 with sluggish demand seen lingering across the regions. PVC prices in Asia and the US fell hard through much of 2022 and may enter 2023 having hit a bottom, market participants in both regions said.
However, Chinese demand has yet to rebound from periodic shutdowns despite minor steps to ease its zero-tolerance COVID policies. The US may see more interest rate hikes to combat inflation, which have suppressed domestic PVC demand. Both regions stepped up exports amid thin global demand.
However, Chinese demand has yet to rebound from periodic shutdowns despite minor steps to ease its zero-tolerance COVID policies. The US may see more interest rate hikes to combat inflation, which have suppressed domestic PVC demand. Both regions stepped up exports amid thin global demand.
Highlights:
- PVC demand seen sluggish on rate hike, shutdowns
- Margins to remain under pressure
- Demand key for sustainable recovery
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