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" delivers a comprehensive analysis of vinyl chloride monomer prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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.
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Vinyl Chloride Monomer Price Trend- Q4 2023
The vinyl chloride monomer (VCM) market is primarily driven by the escalating demand for polyvinyl chloride (PVC), which is the primary derivative of VCM used extensively in building and construction, healthcare, automotive, and packaging industries. The construction sector is a major consumer, using PVC for pipes, fittings, profiles, and cables, which benefits from global urbanization and infrastructure development. Additionally, the increasing use of PVC in healthcare applications for flexible containers, tubing, and medical devices due to its cost-effectiveness and versatility fuels the demand for VCM. The automotive industry also contributes to the growth as PVC is used in vehicle interiors and parts. Furthermore, the shift toward sustainable practices has led to innovations in VCM production processes to reduce environmental impact, aligning with global regulatory standards and market expectations for greener products. This commitment to sustainability, coupled with the material's adaptability across various applications, positions the VCM market for continued growth amid evolving industrial requirements.
Vinyl Chloride Monomer Market Analysis
The global VCM market size reached 46.3 Million Tons in 2023. By 2032, IMARC Group expects the market to reach US$ 66.2 Million Tons, at a projected CAGR of 4.00% during 2023-2032. In the last quarter, vinyl chloride monomer (VCM) prices were primarily influenced by fluctuations in raw material costs, especially ethylene, which is a key input in the production of VCM. The volatile crude oil market has a cascading effect on ethylene prices, thereby impacting VCM costs. During this period, the oil market experienced significant price fluctuations due to geopolitical tensions and changes in global oil supply dynamics. These changes have directly affected the cost of production for VCM, making price adjustments inevitable. Additionally, the operational rates of VCM plants, particularly in major producing regions like North America and Asia, have been affected by maintenance shutdowns and technical issues, which constrained the supply and contributed to price increases.
Moreover, market demand dynamics have played a crucial role in influencing VCM prices. There has been a noticeable increase in demand for PVC products due to the recovery in the construction and automotive industries post-pandemic. As these industries ramped up operations to meet backlog demand and accommodate new growth opportunities, there has been a rise in demand for VCM. The surge strained the already tight supply chain, leading to upward pressure on prices. Furthermore, logistical challenges, including transportation delays and increased freight costs, have exacerbated the situation, affecting the delivery and cost efficiency of VCM distribution. The interplay between these supply constraints and robust demand has led to a dynamic pricing environment for VCM, marked by significant volatility and regional price disparities over the last quarter. The vinyl chloride monomer (VCM) market in North America saw a price decline in the fourth quarter of 2023. Abundant supplies and decreased demand from downstream PVC manufacturing sectors contributed to this quarter's decline. In the fourth quarter of 2023, the APAC Vinyl chloride monomer (VCM) market faced difficulties. Several important factors that affected prices and market dynamics were encountered by the market. There was a limited supply of VCM at first, which made buyers more competitive. In the fourth quarter of 2023, there was a decrease in VCM prices on the European market. The declining demand from the downstream PVC industry was the focus of European VCM traders and manufacturers.
Browse Full Report: https://www.imarcgroup.com/vinyl-chloride-monomer-pricing-report
Key Points Covered in the Vinyl Chloride Monomer Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Vinyl Chloride Monomer Prices
- Vinyl Chloride Monomer Price History
- Vinyl Chloride Monomer Demand & Supply
- Vinyl Chloride Monomer Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Vinyl Chloride Monomer Price Analysis
- Vinyl Chloride Monomer Industry Drivers, Restraints, and Opportunities
- Vinyl Chloride Monomer News and Recent developments
- Global Event Analysis
- List of Key Players
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
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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