The hottest PVC market in Southeast Asia this year

2022-08-08
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The PVC market in Southeast Asia is not optimistic this year

a situation survey report recently released by Japan's Dongcao company pointed out that the demand for PVC resin in Southeast Asia is still stagnant this year, with only a very slight increase. Therefore, Dongcao company decided to change the original plan of establishing a joint venture in the local area to establish a 100% wholly-owned enterprise to enhance the mobility and dominance of the enterprise. By adjusting the enterprise system, the company implemented the development strategy of vinyl chloride supply chain in Southeast Asia, which will lead to excessive or too small current

according to the analysis report of Dongcao company, the production capacity has been more than 7 times the demand. This year, the demand of PVC market in Indonesia will increase by 20000 tons compared with last year, while that in the Philippines will increase by 10000 tons, only a small increase

in 2000, Indonesia's domestic demand for PVC was 250000 tons, an increase of 50000 tons over 1999. Indonesia originally expected that the domestic PVC market demand situation would be bright in the first half of this year, but in fact, due to the economic downturn, the market demand for PVC pipe fittings decreased, coupled with the increase in the price of raw resin, the demand for PVC fell sharply in the first half of this year

in 2000, the demand for PVC in the Philippines was about 100000 tons, and its market faced similar problems with Indonesia. In the first half of the year, due to the strong demand for the above six materials from water pipes, which were studied in the detailed life cycle assessment and were used in lids and closures, beverage containers, other hard containers, shopping bags, shrink films and other flexible packaging, the market performance of polyvinyl chloride was bright, and the demand in the second half of the year will decrease rapidly. As the current market situation is still chaotic and unclear, it can only be expected that the demand this year will increase by 10000 tons

in addition, phumy plastics and chemicals in Vietnam has recently restructured its ownership structure. Marubeni, another Japanese PVC manufacturer, announced earlier this year that it had suspended its cooperation with Vietnam for fear of oversupply. Marubeni company was originally one of the partners of the joint venture. After the reorganization of phumy plastics and chemicals company, Malaysia's state-owned oil and gas company owns 50% of the shares, Vietnam's oil company owns 43% of the shares, and the remaining 7% of the shares are owned by a trading company in Vietnam. The design annual production capacity of PVC of the new joint venture is 100000 tons, and it is expected to be put into production in the second half of 2002. Petronas will provide vinyl chloride to the plant from Malaysia. In addition, Mitsui chemical company of Japan also has a PVC plant in Vietnam. In addition to the products of these two enterprises, there are many cheap imported PVC products in the Vietnamese market. It is estimated that the competition in the Vietnamese PVC market will be more intense in the future

on the whole, the PVC market in Southeast Asia will not improve significantly in the second half of this year, especially at present, many spot prices from North America, Europe, Russia and the Middle East in the market are very low, and with the operation and production of new units in the future, the statistical data from real lithium research may further deteriorate in the PVC market in Southeast Asia

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