This week, PVC prices journeyed southward in the Asian region.
An industry source in Asia, on condition of anonymity, informed a Polymerupdate team member, "PVC market sentiment remained weak, with spot prices under pressure due to comfortable supply levels and sluggish demand. Although maintenance shutdowns and production cuts slightly reduced near-term availability, overall inventories stayed ample. Downstream buyers purchased mainly for immediate needs, while export activity remained subdued as overseas buyers continued to seek lower prices. Although a major Taiwanese producer cut prices again today, buying interest remained limited. Competitive offers added further downward pressure, with non-China Northeast Asian cargoes reported below USD 1,000/mt levels and Chinese material below the USD 800/mt mark. Meanwhile, higher-cost producers faced tighter margins as the cost gap between carbide- and ethylene-based production widened. In the short term, the market is expected to remain soft, with weak demand limiting any significant price rebound.”
In Far East Asia, PVC prices were assessed at USD 800-900/mt CFR levels, a plunge of USD (-180/-160/mt) from the previous week. PVC (ethylene-based) grades were on offer at USD 780/mt levels, while PVC (carbide-based) grades were on offer at USD 740/mt levels on FOB basis.
In Southeast Asia, PVC prices were assessed at USD 850-950/mt CFR levels, week-on-week sharply lower by USD (-100/-140/mt).
In India, PVC prices were assessed at USD 870-990/mt CFR levels, a steep fall of USD (-120/-130/mt) from last week. Chinese offers for PVC (carbide-based) grades were heard below the 800/mt mark, while PVC (ethylene-based) grades were on offer at 840-870/mt CFR levels.
A domestic industry source informed a Polymerupdate team member, “Reliance Industries Limited (RIL) has reduced PVC prices by Rs.7/kg basic, effective April 21, 2026. Meanwhile, price protection will be applicable from April 21 to April 30, 2026.”
In Pakistan, PVC prices were assessed at USD 930-1000/mt CFR levels, a week-on-week tumble of USD (-150/mt).
In Sri Lanka, PVC prices were assessed at USD 950-980/mt CFR levels, sharply lower by USD (-130/-140/mt) from the previous week.
In Bangladesh, PVC prices were assessed at USD 980-1050/mt CFR levels, a week-on-week plunge of USD (-140/-130/mt).
Ethylene feedstock prices in Northeast Asia were assessed at USD 1365-1375/mt CFR levels, a sharp fall of USD (-60/mt) from last week. CFR Southeast Asia prices were assessed at USD 1405–1415/mt levels, a week-on-week tumble of USD (-70/mt).
VCM feedstock prices in South East Asia were assessed at USD 895–905/mt CFR levels, steeply down USD (-100/mt) from last week. VCM CFR Far East Asia prices were assessed at USD 895-905/mt levels, a week-on-week decrease of USD (-20/mt).
Meanwhile, EDC prices in South East Asia were assessed stable at USD 435-445/mt CFR levels, while EDC prices in China were also assessed flat at USD 410–420/mt CFR levels.
