Recent price rise of PVC resin, resulting in a substantial rise in the cost of floor leather raw materials

Increased demand for PVC gloves driven by the global epidemic: As of July 2, 2020, the total number of confirmed cases of COVID-19 worldwide had exceeded 10.9 million, with more than 200,000 new cases confirmed every day. Demand for PVC gloves has increased significantly due to the epidemic.At the same time, due to the intensive domestic maintenance in June, the supply was reduced. This week, the price of PVC paste resin rose from 11,000 yuan/ton to 14,000 yuan/ton, with an increase of more than 25%. The price of large stock rose from 9,000 yuan/ton to 11,000 yuan/ton, with an increase of more than 20%.The price of calcium carbide, the main raw material, is maintained at 2,800-2,900 yuan/ton, so the gross profit of PVC paste resin glove material is more than 5,500 yuan/ton at present, the gross profit rate of the industry is close to 50%, and the profitability of the production enterprise has been greatly improved.

The paste resin enterprises have full orders, and the price is expected to continue to rise: in 2020, the domestic capacity of PVC paste resin is about 1.3 million tons, and the output is about 900,000 tons. 27% of the main downstream is used for gloves, 20% is used for artificial leather, and 10% is used for automobile interior decoration.Gloves products downstream enterprises orders at present, maintaining high production load, some enterprises in the third quarter orders has been full, at the same time supply end of the Inner Mongolia jilantai 40000 tons/annual maintenance plan for the following week a week or so, Inner Mongolia jun is 100000 tons/capacity planning maintenance about 10 days, affected by supply and demand of PVC paste resin price in the short term is still expected to continue to rise.

Post time: Mar-19-2021