PVC prices in the Gulf Cooperation Council (GCC) region witnessed a decline this week, as market dynamics continue to be shaped by a mix of seasonal demand shifts, trade policy developments, and persistent buyer caution.
Industry sources in the region highlighted that while there is a sense of cautious optimism tied to seasonal demand patterns, resistance to higher price levels remains firm. Purchasing interest has shown a modest improvement, with traders and end-users preparing for the traditionally more active fall and winter seasons. Stock replenishment ahead of the busier months has added a measure of optimism to the market outlook. However, this sentiment is tempered by buyer reluctance to commit to higher offers, as concerns over market stability and the potential for oversupply remain front of mind.
Adding to these uncertainties is the influence of trade policy developments outside the region. The expected implementation of anti-dumping duties (ADDs) on PVC imports in India is a significant factor shaping GCC market sentiment. These measures are likely to redirect Chinese-origin cargoes away from Indian markets and into alternative destinations, including the Middle East. If realized, this diversion could create additional supply pressure in the GCC, further challenging price stability. Market participants are wary that a sudden influx of Chinese shipments may tip the balance toward oversupply, amplifying the downside risks for prices.
In terms of pricing, PVC resin suspension-grade material was assessed at USD 680–710 per metric ton on a CFR GCC basis, reflecting a softening of USD 0 to 10 per metric ton compared with the previous week’s levels. This small decline underscores the difficulty sellers face in pushing through higher offers amid firm buyer resistance and lingering concerns about the market’s near-term direction.
Looking ahead, the GCC PVC market appears poised for continued stabilization or slight downward corrections. Much will depend on the pace of seasonal demand recovery, the actual flow of Chinese imports into the region, and the broader implications of India’s trade policy shifts. For now, the interplay of cautious purchasing behavior, limited buyer flexibility, and the looming threat of additional supply is keeping market sentiment in check. While seasonal factors offer some optimism, the balance of risks suggests that bullish momentum in the GCC PVC market is likely to remain restrained in the short term.
