Prices of polyvinyl chloride (PVC) have soared to their highest level in Pakistan since 2014 as US plants halted production due to Covid-19. PVC prices surged to $1,010 per ton in the backdrop of Covid-induced lockdown, stated a report of Taurus Securities. PVC prices surged by around 41% in the last two months, he added. The price of ethylene core delta increased to $598 per ton, Dochki said, explaining that core delta was the margin between PVC and ethylene, the main raw material in PVC manufacturing, whose prices rose 28% year-on-year. According to estimates, PVC prices are expected to stabilise by the end of November 2020 when two of the four largest US PVC manufacturers are expected to restore production.

Source: The Express Tribune October 23, 2020 02:48 UTC