SCGC Acquisition and Expansion Strategy
Vinyl chain: market highlights
Q4 prices declined from extremely slow demand in SEA and India, accompanied by concerns on China, amid supply glut from US.
P.16
1,600
1,100
PVC and
EDC Prices
and Spread
($/ton)
600
2021
2022
2023
Ethylene
PVC
PVC-EDC/C2
EDC
100
2019
2020
Q1/21
Q2/21
Q3/21
Q4/21
Q1/22
Q2/22
Q3/22
Oct'22
Nov'22
Dec'22
Q1/23
(QTD)
PVC-EDC/C2 $578/ton
Q4/22
Q3/22
Average
Weekly Low QoQ Change
Q1/23
(QTD)
PVC-EDC/C2
($/ton)
375
347
325
-28
(-7%)
460
Note: Prices are as of 23 January 2023.
$407/ton (-$171/ton)
Q4/22 Notes
Spread was pressured by slow demand recovery post-monsoon season
in SEA and India, continued lockdowns in China, and increased US exports.
EDC price dropped from high upstream value driven by firm caustic soda price.
SCGC SCGView entire presentation