Sinopec News Network According to the latest report from US ChemSystems Consulting, the global demand for polyvinyl chloride (PVC) will continue to grow in 2011. However, with the continuous opening of new capacity in China, the global PVC capacity utilization rate will remain low.
China has become the main driver of global PVC demand growth. After China's PVC demand fell in 2008, the government introduced economic stimulus measures to support consumption, and the growth momentum in 2009-2010.
Thanks to the increase in exports, Western PVC producers and US producers benefited from the decline in the cost of raw materials for ethylene, the weakening of large-scale integrated installations and the weakening of the US dollar. In 2010, PVC exports from the country accounted for more than 60% of global PVC exports.
Tang Shaohong's translation from Chemical Week
China has become the main driver of global PVC demand growth. After China's PVC demand fell in 2008, the government introduced economic stimulus measures to support consumption, and the growth momentum in 2009-2010.
Thanks to the increase in exports, Western PVC producers and US producers benefited from the decline in the cost of raw materials for ethylene, the weakening of large-scale integrated installations and the weakening of the US dollar. In 2010, PVC exports from the country accounted for more than 60% of global PVC exports.
Tang Shaohong's translation from Chemical Week
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