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SunSirs: China PVC Rose and Fell in 2020
January 11 2021 10:58:57SunSirs(Selena)

In 2020, the market price of PVC was suppressed first and then increased, and the overall trend like "√". Last year's PVC price broke the new low and new high in recent years. It can be said that the price went through great ups and downs, and fluctuated violently. According to the data monitored by SunSirs, the average price of domestic PVC mainstream was 6,900 RMB/ ton at the beginning of 2020, and 7,320 RMB/ ton at the end of 2020, with an increase of 6.09% during the year, and the overall price rose during the year.

According to the monthly rise and fall of PVC from January to December in 2020, PVC fell in January, February, March, April and December in 2020. The biggest decline was in March, with an overall decline of 11.05%, and the biggest increase was in November, with an overall rise of 12.62%. The lowest price in April was 5,412 RMB/ ton, a new low in recent years. The highest price in December was 8,550 RMB/ ton, a new high in recent years. The annual maximum amplitude was 57.97%.

In the first quarter of 2020, affected by public health events, the demand for PVC showed a slow growth trend, and the price fell sharply. In the first quarter, the price fell by 18.3%, and the market was weak. PVC market rose strongly in the second quarter. The market price was positively pushed up. Driven by the upward raw material cost, centralized maintenance of enterprises, improved demand, and continuous decline of social inventory, the price of PVC remained high. In the second quarter, the market was good, with a rise of 15.37%. In the third quarter, the PVC market was up 6.88%, with a good overall performance. In the fourth quarter, the supply of PVC market was tight, the spot price continued to push up to a new high, and the market was hot. After the roller coaster, PVC rose 9.58% in the quarter.

Generally speaking, the price of PVC rose and fell sharply in 2020, creating new low and new high respectively and breaking the conventional trend in the past with obvious market fluctuation. This year, affected by public health events, the upstream and downstream of PVC were affected to varying degrees. In the early stage, most enterprises stopped production, the downstream demand recovered slowly, and PVC continued to decline. With the improvement of demand and the recovery of export, the positive effect of the market was to support the upward growth of PVC. In the fourth quarter, it was difficult to obtain the same goods and create a brilliant future. In 2021, in the context of global economic recovery, PVC is expected to be in good trend in China.

 

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