Price Analysis of PVC Paste Resin Industry Chain in 2023

Polyvinyl chloride resins are mainly divided into general resins and paste resins according to their uses: General resins (G resins) are resins that are processed and formed into dry or wet powders by mixing with normal amounts of plasticizers or additives; Paste resin (P resin) is usually used in conjunction with plasticizers to form a paste resin; In addition, there is PVC blending resin, which is a type of PVC Resin that replaces some of the paste resin by blending when preparing PVC plasticizers. The main production methods of Pvc Resin include suspension method, bulk method, lotion method, solution method and micro suspension polymerization method. From a worldwide perspective, suspension method is the main production method of PVC general resin, while the production method of Pvc Paste Resin is lotion method and micro suspension polymerization method. Due to different production processes, the capacity of the two resins cannot be converted to each other.

In 2023, the prices of various products in the PVC industry chain have fallen compared to previous years. In the second half of 2023, the prices of the industrial chain have all risen to varying degrees. The price trends of PVC and PVC Paste Resin are relatively consistent, mainly due to the psychological impact of PVC futures on the spot price of Pvc Paste resin in recent years. PVC paste resin has a slight lag, but under the influence of futures, the price is close to the spot price trend of PVC. The price of raw material calcium carbide is negatively correlated with the trend of downstream PVC and PVC paste resin in the first half of this year, mainly due to the significant lag effect of the two downstream products. The rise and fall of calcium carbide is ahead of PVC and PVC paste resin, and the two only have new changes after seeing the rise and fall of raw materials.

The lowest price for PVC throughout the year was in early June, while the mainstream ex factory price in the northwest region was 6350 yuan/ton. The highest price for the year was in early January, and the mainstream ex factory price in the northwest region was 6100 yuan/ton. The lowest annual price for raw material calcium carbide was in early November, while the mainstream ex factory price in the northwest region was 2850 yuan/ton. The highest price for the year was in early January, and the mainstream ex factory price in the northwest region was 3900 yuan/ton. The lowest price for PVC paste resin throughout the year is in mid May, and the mainstream price in the northwest region is 6700 yuan/ton. The highest price for the year was in early October, and the mainstream price in the northwest region was 8400 yuan/ton.