China PVC prices sharply increased in past 3 months
China PVC price has increased a lot since June.2017, especially when the goverment made environmental protection inspection into all kinds of industry, then a lot of small-scale enterprises could not meet the requirement and were forced to close down, plus the exchange rate of USD vs RMB dropped day by day recently. As a result, the PVC resin increased sharply in the past 3 months.
As showed on below pictures, in June 2017, the PVC resin was around RMB5863 (USD900 per ton), but this figure raised a lot in the following months, and even reached RMB7545 (USD1160 per ton) in Sep 2017, total has increased nearly 30% within 3 months, this is really CRAZY ! And a lot of companies had no choice but to accept this situation and increased the selling prices.
As showed on below pictures, in June 2017, the PVC resin was around RMB5863 (USD900 per ton), but this figure raised a lot in the following months, and even reached RMB7545 (USD1160 per ton) in Sep 2017, total has increased nearly 30% within 3 months, this is really CRAZY ! And a lot of companies had no choice but to accept this situation and increased the selling prices.
