Paste resin prices or continue upward

PVC PASTE RESIN

In August, P440 the price of paste resin rebounded due to the increase in sales volume and inventory decline of some manufacturers. With the advent of the consumer season, it is expected that there will still be room for price increase in the paste resin market.

Due to the suspension of production and repairs by some manufacturers in July, the inventory of paste resin dropped sharply after entering the market in August, and the short-term market supply decreased correspondingly. Pressure on production and operations and market operations in the same industry was relieved, which helped boost prices slightly. At the end of August, the cif price of leather materials was between 1,520 and 1,560 U.S. dollars per ton, and the price of glove materials was between 1,520 and 1,570 U.S. dollars per ton.P450

September and October are the better seasons for market consumption in the second half of the year. The demand for paste resin in the downstream industry will increase. Moreover, the price of raw material calcium carbide is relatively firm, and it will also play a supporting role in the price of paste resin. More importantly, due to the decline in the profits of industrial enterprises from January to August, and even losses, in order to reverse this unfavorable situation, companies are expected to continue to raise prices in the formulation of price strategies in the later months of this year. At present, most manufacturers have little stock of paste resin, and the pressure on the market operation is relatively small, which is beneficial to the price increase of enterprises.