Global PVC Markets Diverge as Supply Constraints and Weak Demand Shape Price Trends

Since December, increased maintenance at PVC production facilities in the United States has tightened spot market supply. At the same time, as the festive season approaches, restocking demand from both domestic and overseas downstream sectors has strengthened, accelerating overall transaction activity. Against this backdrop, the monthly average export price of US PVC recorded a month-on-month increase.

In Northwest Europe, operating rates at chlor-alkali plants remained at normal levels, ensuring ample PVC supply in the market. Overseas downstream demand showed no notable improvement, and producers continued to prioritize the execution of existing orders, resulting in limited intake of new business. As a result, the regional average monthly PVC export price declined further.

In Southeast Asia, maintenance activity at PVC plants was limited, with most producers maintaining high operating rates. Market supply and inventory levels remained elevated. Meanwhile, the construction and pipe sectors entered their seasonal slowdown, leading to persistent oversupply and sustained downward pressure on prices.

The Indian PVC market remained weak, weighed down by the influx of low-priced overseas material and the effects of trade policies. Market sentiment has become increasingly cautious, with domestic PVC prices continuing to trend lower.