Vinyl Chloride Monomer Price in India
- India: 655 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.
Report Offering:
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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
Vinyl chloride monomer (VCM) is widely used to produce polyvinyl chloride (PVC), a versatile plastic employed across various industries, including construction, automotive, and packaging. The rising demand for VCM in pipes, fittings, and insulation in construction applications is impelling the market growth. Additionally, rapid urbanization in developing economies is influencing the overall sales of VCM. Apart from this, technological advancements in VCM production benefit in enhancing efficiency and reducing environmental impact, making the process more cost-effective and sustainable. Moreover, regulatory pressures to reduce carbon emissions is propelling industries to adopt more eco-friendly materials, including advanced PVC formulations. Furthermore, the increasing employment of PVC in packaging materials, such as cling films and rigid containers, for providing a barrier to moisture, gases, and other contaminants is strengthening the market growth.
Vinyl Chloride Monomer Industry Analysis
In Q2 2024, the North American VCM market saw a notable increase in prices, primarily driven by a combination of constrained supply and rising input costs. The region experienced disruptions due to the hurricane season and flooding, which hampered industrial demand and production rates, further tightening the supply chain.
A shortage of containers and other logistical issues added to the supply chain stress, contributing to the upward price trajectory. The USA saw the most significant price fluctuations because of the strong demand from the domestic PVC industry and increased export opportunities to regions like Asia and Africa. The Asia Pacific VCM market witnessed stability in prices throughout Q2 2024. An oversupply in the region, along with decreasing upstream ethylene prices, exerted downward pressure on VCM prices. Seasonal procurement patterns and fluctuating consumer confidence in the real estate market in India led to price stability by the end of the quarter.
In Q2 2024, the VCM market in Europe observed a marginal decline in prices. This decrease was driven by several factors, reflecting the broader economic and industrial conditions in the region. The PVC industry saw reduced activity. Sellers within the region faced heightened competition, which exerted downward pressure on prices. Germany experienced the most significant price fluctuations, VCM prices fell sharply due to the combination of high production costs and weak downstream demand. Besides this, the Middle East and Africa (MEA) region showcased price stability in Q2 of 2024. The region faced an oversupply situation, and the declining crude oil prices further exerted downward pressure on VCM prices.
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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