Vinyl Chloride Monomer Price in India

India: 679 USD/MT

In December 2023, the cost of vinyl chloride monomer (VCM) in India peaked at 655 USD per metric ton for the fourth quarter. Limited VCM availability sparked intense rivalry among buyers.

The latest report by IMARC Group, titled "Vinyl Chloride Monomer Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Vinyl Chloride Monomer Prices. This report delves globally, presenting a detailed analysis, along with informative Price Chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

Vinyl Chloride Monomer Price Analysis:

Qatar: 621 USD/MT
Germany: 934 USD/MT

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Monthly Updates: Annual Subscription
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The study delves into the factors affecting vinyl chloride monomer price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

Request For a Sample Copy of the Report: https://www.imarcgroup.com/vinyl-chloride-monomer-pricing-report/requestsample

Vinyl Chloride Monomer Prices - Last Quarter

The vinyl chloride monomer (VCM) market is primarily driven by the robust demand for polyvinyl chloride (PVC), a versatile plastic widely used in construction, automotive, packaging, and electrical applications. The increasing urbanization and infrastructure development in emerging economies are propelling the demand for PVC, as it is a crucial material for pipes, flooring, and roofing. Additionally, the growing focus on sustainable building materials has led to a rise in the adoption of PVC in various applications, further fueling the VCM market. Also, the automotive industry’s shift towards lightweight materials to enhance fuel efficiency is boosting the demand for PVC-based products, such as interior components and exterior panels.

Vinyl Chloride Monomer Industry Analysis

In the second quarter of 2024, the vinyl chloride monomer (VCM) market in North America experienced a significant price surge, primarily due to supply constraints and increased input costs stemming from limited inventories and rising crude oil prices. In the United States, the pricing landscape was particularly volatile, influenced by strong domestic PVC demand and export opportunities, especially to markets in Africa and Asia. Besides this, the APAC VCM market-maintained price stability largely influenced by the surplus in regional supply, along with declining upstream ethylene prices, which exerted downward pressure on VCM pricing early in the quarter. However, the market faced disruptions from several plant shutdowns, including Kaneka’s facility in Japan and Hanwha Solutions in China, which were affected by power outages and floods. In India, price volatility was notable, driven by seasonal procurement patterns and fluctuating confidence in the real estate market, while ample inventories and moderate demand maintained price steadiness throughout the quarter.

However, in Europe, the market witnessed a slight decline in prices, influenced by subdued domestic demand for PVC and increased competition among suppliers. The economic outlook remained uncertain, contributing to a bearish sentiment in the market. While upstream cost pressures from ethylene eased, they were not sufficient to support VCM prices effectively. Shipping disruptions and logistical issues further complicated the market environment, prompting many producers to cut back on output. Furthermore, in the MEA region, the market demonstrated stability despite experiencing a downward trend in May. This decline was primarily driven by an oversupply situation and decreasing upstream crude oil prices, further influenced by adequate inventory levels and weakened support for elevated Ethylene prices. Additionally, production rate reductions and container shortages strained the supply chain.

Regional Price Analysis:

Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco.

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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