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PVC PRICE KEEP ON INCREASING

PVC PRICE KEEP ON INCREASING

Rising Costs for PVC Resin Drive 2021 Price Increase January 12, 2021 The printing industry (among others) has experienced price increases due to pandemic-related challenges and the rising costs of business operations, such as PVC Resin and other materials, production, and labor. Plastics Technology posted an article on October 22, 2020, about the continued climb of PVC and PE prices over the course of the year. In fact, PVC prices went up three times in two months as a result of “a very tight market, a robust increase in demand from construction, significantly higher export prices, much lower availability, and the late-settling September ethylene contract price increase,” which only added to PVC production costs, according to Mark Kallman, RTi’s VP of PVC and Engineering Resins. A week later, Plastic News reported the fifth consecutive month of PVC price increases, totaling a 20-cent jump since June. It also stated demand was driven higher by the quarantine effect on household projects, noting the construction industry typically “accounts for about 60 percent of the PVC consumption in the U.S. and Canada.” Limited availability from multiple PVC makers over the course of the first three quarters of 2020 was caused by chlor-alkali turnaround and hurricane damage, according to S&P Global.
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