Chlorinated Polyvinyl Chloride (CPVC) Prices, Trend, Monitor, News & Forecast | ChemAnalyst

Chlorinated Polyvinyl Chloride (CPVC) Prices: During the Quarter Ending December 2023

North America

The Chlorinated PVC market in North America witnessed generally favorable conditions, despite an initial price decline of 2.5% in October, attributed to decreased demand from the plumbing sector due to a slowdown in house sales driven by higher mortgage rates. However, prices rebounded in November and December, driven by a robust construction sector in the United States, marked by increased hotel construction and heightened demand from Mexico. Mexico's construction sector, buoyed by government investments and growing nearshoring activities, further supported the Chlorinated PVC market, particularly in plumbing. Challenges in the supply chain system towards the end of 2023, exacerbated by adverse weather conditions, led to extended lead times and logistical constraints.

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APAC

The Chlorinated Polyvinyl Chloride (CPVC) market in the APAC region during the fourth quarter of 2023 was influenced by diverse factors. Strong demand in the Indian market, fueled by construction and manufacturing activities, led to a 1.1% price increase, while in China, subdued demand resulted in a 2.5% decrease. Fluctuations in essential feedstock prices, particularly PVC, contributed to price variations. China saw a 3.8% decrease in CPVC prices due to oversupply and weak demand in the construction industry. Anticipated increases in feedstock prices added further complexity to the market outlook.

Europe

The CPVC market in Europe faced challenges in the fourth quarter of 2023, with subdued demand in the construction industry, particularly in residential sectors. Supply levels were moderate, with restricted inflows into the Dutch market. Inflation rates in the Netherlands contributed to an increase in CPVC prices. Despite moderate price increments, the market remained unfavorable due to supply shortages and declining industrial chemical production. Elevated quotations by traders also influenced pricing dynamics amidst a retrenching construction industry.

South America

The Chlorinated PVC market in South America showed a mixed trend in the final quarter of 2023. Adverse conditions initially impacted prices, driven by an underperforming construction industry and oversupply from the United States. However, gradual improvements in construction sector demand, particularly with investments in Brazil's electric automotive factories, boosted prices in the first two months. By December, increased competition from Asian and European imports led to lower prices, exacerbated by fluctuations in the Brazilian Real against the USD.

Get Real Time Prices of Chlorinated Polyvinyl Chloride (CPVC): https://www.chemanalyst.com/Pricing-data/chlorinated-polyvinyl-chloride-1411

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