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VCM is generally produced by the reaction of ethylene and chlorine to produce Ethylene Dichloride (EDC). The EDC thus product is made to undergo thermal cracking to form VCM.
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Vinyl Chloride Monomer (VCM) Pricing Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Market Overview Asia In Q3 2020, the demand for VCM edged up with strong PVC demand which witnessed a sharp uptick as most of the countries announced a gradual lift in restrictions over the construction activities imposed during Q1 and Q2. India and other South Asian countries started importing and manufacturing VCM to meet the growing demand of PVC resin from the downstream construction and manufacturing sectors. CFR India offers were raised to around USD 870 per tonne, tracing an expected uptrend. Japanese demand for the VCM rose to the year’s high in July driven by high volume exports. A leading Japanese PVC producer Shin-etsu Chemical registered strong demand from the US and Canada, buoyed by higher usage of building material for home maintenance. For more info : https://www.chemanalyst.com/Pricing- data/vinyl-chloride-monomer-69 Europe The European VCM market in Q3 witnessed tightness due to planned and unplanned outages creating potential shortage in the product supply. VCM production site of INOVYN at Rafnes, Norway was taken off-stream due to technical issues prevailing in the plant’s operations. Supply tightness was heightened by the immediate shutdown of the reactor of Spolana’s Elbe Neratovice plant. Increased demand for PVC brisked the trading activity across European ports. The region’s VCM consumption witnessed a double- digit decline in Q2 because of the coronavirus-related lockdowns. However, sentiments were upbeat moving into Q3 buoyed by pick up in the construction sector.
Vinyl Chloride Monomer (VCM) Pricing Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ North America The supply of VCM remained snug throughout Q3 because of power outages heard across the production units, forcing manufacturers to stop on-site production. Hurricane Laura forced shut down of the Westlake chemical’s pair of VCM plants with a cumulative capacity of 952.5 KTPA since Aug. 27, thereby impending a huge drop in the region’s production levels. The availability of VCM for export was restricted despite a substantial rise in the global demand for PVC. Supply tightness and robust demand pushed up the VCM pricing curve which reported new hikes during the third quarter. How we can help ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision- maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.
Vinyl Chloride Monomer (VCM) Pricing Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Methodology ChemAnalyst gathers information through primary research surveys conducted with various Vinyl Chloride Monomer the domestic and international markets, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of the company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market. manufacturers, spread across Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Vinyl Chloride Monomer market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility. Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe. Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Vinyl Chloride Monomer market. Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis. Finally, region-specific markets for Vinyl Chloride Monomer are analyzed and region-wise demand pattern is tracked.
Vinyl Chloride Monomer (VCM) Pricing Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ About Vinyl Chloride Monomer (VCM) is one of the majorly used commodity chemicals with the formula CH2=CHCl. VCM, being a gas needs to be transported in liquified state under high pressure. It is high toxic, flammable and carcinogenic in nature. It is exclusively used in the production of polyvinyl chloride (PVC) which is majorly used in the construction industries. Therefore, the demand of VCM is strongly linked to the region’s PVC consumption, which directly links with the region’s economic development. China is the largest manufacturers of VCM with around 40 percent of global capacity followed by the United States. As VCM majorly used in the manufacturing of poly vinyl chloride. VCM is generally produced by the reaction of ethylene and chlorine to produce Ethylene Dichloride (EDC). The EDC thus product is made to undergo thermal cracking to form VCM. VCM is generally produced via two process, first by the direct reaction of chlorine with ethylene and second, by oxychlorination in which ethylene reacts with chlorine in the presence of hydrogen chloride.
