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U.S. PVC exports in January-April 2021 down 18.4% year-on-year

 Last Update: 2022-11-17
 Source: Internet
 Author: User

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Data released by the U.
S.
International Trade Commission on June 9 showed that in the first four months of 2021, U.
S.
PVC exports, the main building material, fell by 18.
4% compared with the same period in 2020, reflecting the impact of tight supply and strong domestic demand
.

Data show that the United States exported 673,664 tons of PVC from January to April 2021, compared with 825,996 tons in the same period last year
.

April 2020 was the peak of the U.
S.
coronavirus-related shutdowns, which hampered construction activity and prompted sharp cuts in production
.
Industry statistics show that in April 2020, the upstream chlor-alkali rate plummeted to 68% from 90% in March of that year
.

In mid-February 2021, sustained low temperatures hit much of the U.
S.
and the Gulf Coast, forcing widespread shutdowns of petrochemical plants for weeks
.
Industry statistics show that the chlor-alkali rate fell to 59% in February from 82% in January, rose to 71% in March and 80% in April
.

Strong domestic PVC demand also reduces exports

In addition, domestic PVC demand remains strong against the backdrop of the continued boom in the real estate market
.

According to the U.
S.
Census Bureau, U.
S.
housing starts reached 1.
569 million units in April 2021
.
Sales in January this year were 1.
625 million units, and February sales plummeted by nearly 11% to 1.
447 million units due to freezing weather
.
Housing starts jumped 22.
5% to 1.
733 million units in March, reflecting a catch-up to the previous month, before falling back 11.
5% in April
.

This demand has driven the domestic PVC price to rise by $926/ton since June 2020 to $1940-1984/ton in early June 2021, a record high since 2001
.

Export PVC prices rose from $520/ton FAS on April 29, 2020 to $1,800/ton FAS on March 24, an increase of $1,280/ton
.
It has been maintained at $1,800 since then, until it began to fall back on April 28, and was last assessed on June 3 at $1,600/t FAS
.

ITC data shows that Canada is the largest recipient of U.
S.
PVC exports in the first four months of 2021, with imports of 176,122 tons, followed by Mexico with 82,307 tons, Peru with 38,416 tons and Egypt with 36,997 tons
.

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