ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Asian plastic and steel prices tumble as exports surge from China

Chinese slump creates supply glut throughout region

China's steel exports have ramped up amid sluggish domestic demand.   © Reuters

TOKYO -- Prices for commodities like petrochemicals and steel have plunged from highs earlier this year as Chinese producers respond to weakening domestic consumption by turning to export markets.

Imports of Chinese-made polyvinyl chloride into India, the world's largest buyer of PVC, doubled on the year in the April-October period, according to India's Commerce Ministry. This came amid a 10% drop in Chinese investment in domestic property development for the first 11 months of 2022, denting local demand for a material used in construction products and water pipes.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more