2019-2023 PVC Paste Supply-Demand Balance Analysis
From 2019 to 2023, China’s PVC paste supply-demand fundamentals turned to oversupply. China’s PVC paste market faced oversupply, while downstream demand was weak, intensifying the supply-demand mismatch.
2019-2023 PVC Paste Supply-Demand Balance Trend Analysis
From 2019 to 2023, PVC powder supply-demand fundamentals turned to oversupply. In 2019, several units were shut down for maintenance, and some capacity was eliminated, so the supply-demand mismatch was eased slightly. In 2020, affected by the special event, the demand for glove materials increased, so the PVC paste market saw a tight balance and even short supply. In 2021, some new capacity was put into operation, while the demand for glove materials ebbed, so China’s PVC paste market saw oversupply gradually. From 2022 to 2023, domestic demand was weak, intensifying the supply-demand mismatch again.
In 2025, new PVC paste units are planned to come online. Coupled with the PVC paste industrial operating rate rising, the oversupply pressure may aggravate.
2023 PVC Paste Supply-Demand Balance and Price Co-Movement Analysis
In 2023, the supply-demand pressure of PVC powder was notable. The main reasons were as follows. First, the industrial operating rate was high, so PVC paste output moved up. Second, demand was in the doldrums.
In 2024, China’s PVC paste market may still face pressure. First, the capacity base is high. Second, the recovery of demand should be noted.
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