Daily Chemical Reaction
On Top Of The World – Global PVC Price Trends Evaluated, Logistical Issues Shift Trade Flows
Key Points:
- Asia polyvinyl chloride (PVC) prices reflect a five-year low relative to US spot levels, but both price points reflect five-year highs on an absolute basis. This report discusses trends working to support prices in both markets.
- We highlight pertinent chemical sector corporate items (e.g., SABIC, BASF, Linde, & Covestro updates; Versalis, ExxonMobil, & other global production facility updates; Multiple capital deployment items worth note)
- This report’s other relevant items include news of auto production issues amid constraints with sourcing inputs, the polymer buyer pushback on price hikes in Europe that supports the case that we put forth yesterday, and the container freight developments displaying significant supply chain issues.
See PDF below for all charts, tables and diagrams