Chinese slump creates supply glut throughout region

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. Pvc Coated Trim Coil

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.

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