Poly Vinyl Chloride Prices: During the second quarter of the year 2023

Chemanalyst31 Jul, 2023Business

The PVC price trend in Saudi Arabia was down in the quarter ending June 2023 due to reduced demand in the construction sector amidst the festive season in Saudi Arabia in April 2023, whereas in May, construction activities improved slightly, as per the statement of the Chief Economist of the Riyadh Bank, however this rise in insufficient to drive up the PVC prices amidst high supplies. Moreover, the buying confidence was hindered in Saudi Arabia at the termination of June 2023 by the sluggish offshore demand for PVC and the muted trading atmosphere after one week of the EID holidays in the Saudi market.