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.

Vinyl Chloride Monomer Prices December 2023:

• India: 655 USD/MT

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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 Price Trend- Q4 2023

The VCM market is primarily influenced by the rising demand for polyvinyl chloride (PVC), which is extensively used in industries such as construction, automotive, and healthcare. The construction sector, particularly in developing markets, significantly boosts the need for PVC products like pipes, flooring, and roofing materials, thereby driving VCM consumption. Additionally, the automotive and healthcare sectors contribute to the demand for VCM, as PVC is utilized in various components and medical devices. Technological advancements in production and the development of more efficient and cost-effective VCM manufacturing methods also play a crucial role in market growth.

Vinyl Chloride Monomer Industry Analysis

In the second quarter of 2024, VCM prices in North America saw a significant increase, driven by several factors, including limited inventories, rising crude oil prices, and extreme weather conditions such as hurricanes and floods. These weather events disrupted industrial demand and production, exacerbating supply chain issues and tightening VCM availability, which in turn drove up prices.

The USA experienced market volatility due to seasonal influences and strong domestic demand. Conversely, the Asia-Pacific (APAC) region experienced price stability, supported by a surplus in regional supply and declining upstream ethylene prices. However, plant shutdowns and shipping issues contributed to maintaining this price stability rather than allowing prices to fall further. In India, the VCM market exhibited notable volatility due to seasonal procurement patterns and fluctuating consumer confidence in the real estate sector.

Despite strong performance in the downstream PVC sector, prices remained stable amid moderate demand. In Europe, VCM prices experienced a slight decrease due to subdued domestic demand and increased competition among regional sellers. Economic uncertainties and weak downstream demand from the PVC industry led to bearish market sentiment. Shipping disruptions and logistical challenges further complicated the market, prompting producers to reduce output rates. High production costs and weak demand in Germany resulted in a notable reduction in VCM prices. The Middle East and Africa (MEA) region saw price stability in the second quarter of 2024, with a downward trend in May 2024 due to oversupply, weakening support for high ethylene prices, increased competition from Asian producers, and a temporary Force Majeure event at the Qatar Vinyl Company in April 2024. Despite these disruptions, the overall market trend remained stable.

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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