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Viewing report
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China PVC Market Report 2011
China Market Report, July 2011, Pages: 36
From a global perspective, China has become the largest output and the rapidest growth rate of PVC production in 2008 and provided a broad market for the development of PVC plastic modifier. As one of the biggest production and consumption countries in the world, China's PVC output was 11.3 million tons and the apparent consumption of PVC reached 12.55 million tons in 2010, moreover, it is expected that the PVC output will reach 12.08 million tons in 2011 and 15 million tons at the end of the “Twelfth-Five” period.
Until the end of 2010, China's PVC production capacity has reached 20.43 million tons because of the rapid production capacity expansion in recent years. In addition, million tons newly added PVC projects will be launched during the “Twelfth-Five” period (2011-2015). The newly added PVC production capacity is expected to reach 1.5 million tons in 2011. Continuous rise in PVC production capacity brings more competitive pressure to PVC production industries, meanwhile stimulates the development of downstream PVC products with high value-added as well.
In recent years, the annual average growth rate of PVC apparent consumption in China was about 10%, and its application was constantly changing. The consumption ratio of soft PVC products, which mainly used in packaging materials, artificial leather and plastic shoes, declined year by year, while the consumption ratio of rigid PVC products including profile, pipe and sheet materials increased as the development of rural urbanization and real estate construction. Although the real estate industry was influenced by the macro-control measures adopted by Chinese government in 2011, the government carried out the affordable housing construction plans in 2011, therefore, the demand of PVC in building materials industry will not be a large fluctuation. It is estimated that the PVC demand will continue to maintain a rapid growth in the next few years.
PVC price will maintain at a high level in 2011: (a) structural supply gap might appear in 2011; (b) the long-term weakness of dollar fluidity overflowing, the international crude oil price promoting PVC price; (c) Energy-saving and emission reduction and strengthen the elimination of backward production capacity during “Twelfth-Five” period, the calcium carbide supply will be the bottleneck in PVC production.
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