PVC prices in the Gulf Cooperation Council (GCC) region remained unchanged this week, with Suspension grade resin assessed at USD 680–710/mt CFR GCC, holding firm on a week-on-week basis.
Industry sources report that purchasing interest remains healthy as market players anticipate a seasonal uptick in demand after the summer, supported by expected growth in construction activity. Yet resistance to higher prices persists, with buyers cautious about potential oversupply and sufficient availability, keeping overall market sentiment restrained.
Market participants are closely watching the impact of India’s newly enforced antidumping duties, which are likely to divert Chinese PVC shipments toward the Middle East. Such redirection could add to short-term supply pressure, even as capacity expansions across the region promise to increase overall availability and influence fundamentals in the coming months.
From the demand side, substantial stock accumulation over the past two months, during a period of slower downstream consumption, has given buyers more flexibility to delay fresh purchases while they gauge both market trends and their own requirements. This pause in immediate buying could soften consumption and weigh on the supply–demand balance ahead.
Geopolitical concerns, including heightened tensions between Iran and Israel, are further tempering trading activity as buyers hesitate to commit to significant volumes. Despite the current low level of transactions, analysts expect an uptick before the fourth-quarter tourism season, when regional demand traditionally strengthens.
