Price revision of vinyl chloride resin products
— Kaneka increasing the price by 15 yen per kilogram for shipping on and after March 1 —
February 3, 2021
February 3, 2021
Kaneka Corporation (Headquarters: Minato-ku, Tokyo; President: Minoru Tanaka) will revise the sales price of vinyl chloride resin. For shipments from March 1, the current price will be raised by at least 15 JPY per kilogram. This will be applied to not only general-purpose vinyl chloride resin but also all types of specialized vinyl chloride resin, including vinyl chloride paste resin.
Due to economic stagnation brought on by the outbreak of Covid-19, in the first half of 2020 the price of domestic naphtha dropped sharply to 25,000 JPY/kl. However, it has gradually been rising from the middle of 2020, and most recently has settled at over 40,000 JPY/kl.
Additionally, there has been a revival in the infrastructure demands of various Asian countries, including India and China, and in housing demand in North America, which is tightening the global balance of supply and demand of vinyl chloride resin. Along with this, improvements to environmental hygiene that have been conducted as countermeasures to the Covid-19 pandemic have tightened global supply and demand for gloves made from vinyl chloride to an extreme extent. Due to this, the price of vinyl chloride monomer, a raw material of vinyl chloride resin, has seen a sharp increase across the globe, and this is expected to continue in 2021.
Under these circumstances, and with these issues being unsolvable through the endeavors of the company alone, Kaneka has determined that these price revisions are necessary to fulfill our responsibility of providing steady product supplies to our customers.