The hottest PVC rubber in Taiwan continued to rise

2022-08-18
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PVC and rubber in Taiwan continued to rise before the end of the year

the industry reported that Formosa Plastics was affected by the shutdown of Formosa Petrochemical olefin plant 1 for a week, and the insufficient supply of ethylene raw materials led to the reduction of the operating rate of vinyl chloride monomer (VCM) plant. It is necessary to reduce the production of polyvinyl chloride (PVC), and it is estimated that the export volume will be reduced by 5000 tons. Due to the reduction of PVC quotation, and then understand what tests need to be done, it shows a momentum of continuous rise, Formosa Plastics' production reduction in November is bound to make PVC supply more tight. Formosa Plastics would not comment on this. However, the PVC industry believes that the PV molding cycle in the second half of 2003 was 14 seconds. Affected by the insufficient supply of raw materials dichloroethane (EDC) and VCM, the market supply showed a tight state. PVC manufacturers have shouted that the rise will continue until the end of the year. The production reduction of Formosa Plastics on October 23 will make the PVC rise more certain. The three PVC manufacturers in Taiwan, Formosa Plastics, Huaxia and Dayang, have an export CIF price of 640 US dollars/ton in October. A few days ago, after the Japanese manufacturer decided to increase the quotation in November, the three PVC manufacturers in Taiwan also decided to increase the quotation to about 660 US dollars/ton, about 30 US dollars/ton higher than the quotation in October. In response to the rising cost of PVC, the plastic processing industry on the island is currently brewing to increase the domestic and foreign sales quotation of PVC pipes and plastic cloth. However, due to the delay of South Asia plastics, the largest manufacturer in the Asia Pacific with market leading power, South Asia plastics has not expressed its position, so that small factories dare not arbitrarily increase the price, so as not to give up the market. The international natural rubber market, which has been soaring for several months, is reported that the global supply and demand gap will be as high as 630000 tons by the end of the year. Recently, the rise has intensified, showing a pattern of three markets a day. It is understood that many imported natural rubber products on the island have suspended quotation and traded in the form of individual inquiry, while some of the quoted products have increased by 10-20% in the past two weeks, one after another hitting the largest single increase. As mentioned above, the elongation of polymer materials is far better than that of metals, fibers, wood, plates and other materials. Affected by this, the large tire manufacturers in the island, such as Jianda industry, Zhengxin rubber and Huafeng Rubber, have been unable to bear the cost pressure, confirming to increase their commodities by%. According to the prediction of the International Rubber Research Organization (IRSG), the current global natural rubber inventory can be maintained for four weeks, about 540000 tons, which is 1/3 of the normal inventory. By the end of the year, the whole gap will be expanded to 638000 tons. Among them, the demand for natural rubber in the mainland this year will exceed 1.8 million tons

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