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," provides a thorough examination of Vinyl Chloride Monomer price trend. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

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 rising demand for polyvinyl chloride (PVC), which is produced from VCM. PVC is widely used in construction, automotive, packaging, and healthcare industries due to its versatility, durability, and cost-effectiveness. Apart from this, infrastructure development in emerging economies fuels the demand for PVC products, particularly in construction applications such as pipes, fittings, and profiles. Moreover, ongoing technological advancements in VCM production processes enhance efficiency and reduce costs, bolstering market competitiveness. Additionally, regulatory measures and environmental policies shape market dynamics by influencing production practices and product specifications. Moreover, shifting consumer preferences towards sustainable and environmentally friendly materials drives innovations in PVC formulations, promoting market expansion. Besides this, strategic collaborations and mergers among key players aim to strengthen market presence and enhance product portfolios. Furthermore, fluctuations in raw material prices and economic conditions impact market stability and profitability

Vinyl Chloride Monomer Industry Analysis

The global VCM industry 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 first quarter of 2024, the vinyl chloride monomer (VCM) markets across different regions exhibited distinct trends and challenges. In North America, the VCM market rising prices are driven by strong demand from the downstream PVC sector, fueled by infrastructure projects and increased manufacturing activity. However, the collapse of Baltimore's Francis Scott Key Bridge disrupted transportation routes at a critical time, exacerbating existing strains on tank supplies due to adverse weather conditions. In the APAC region, the VCM market faced a downturn with prices declining slightly compared to the previous year's first quarter. Weak demand in the downstream PVC industry, coupled with plant outages and supply disruptions, contributed to sluggish consumption and market uncertainties. Meanwhile, in Europe, VCM prices rose during the quarter, reflecting moderate demand and supply constraints. Logistic disruptions related to geopolitical turmoil in the Red Sea region hindered supply chains, impacting timely deliveries of VCM to European markets. Despite lower demand fundamentals in downstream PVC sectors, especially in Germany amid slowed construction activities, limited domestic VCM supplies underscored regional supply challenges. These regional dynamics highlight the diverse factors influencing VCM prices, including demand fluctuations, supply chain disruptions, and geopolitical events, shaping market conditions and strategic decisions for stakeholders across North America, APAC, and Europe in early 2024.

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

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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