PVC prices firmed across Asia this week, supported by stronger offers from leading producers and heightened geopolitical concerns. An industry source in Asia, speaking on condition of anonymity, told a Polymerduniya team member that a major Taiwanese producer raised its offers, creating a firmer market sentiment. The rise was further reinforced by increased import offers from foreign suppliers. Buyers in the region displayed cautious interest, anticipating tighter supply and elevated upstream costs, with the overall market leaning towards stability but holding potential for further gains if downstream demand improves.
The source added that Ukrainian strikes on Russian energy infrastructure have intensified supply concerns, though markets have partially adjusted to the situation. Short-term volatility remains influenced by the Russia–Ukraine conflict, while futures markets point to near-term tightness despite forecasts of oversupply. Elevated prices could sustain inflation in the short run, though medium- to long-term expectations of lower prices may ease global energy costs.
In China, PVC prices were assessed at USD 710–730/mt CFR, marking an increase of USD 20–30/mt from last week. A Taiwanese producer offered suspension-grade PVC at USD 710/mt for September 2025 shipment, while another Asian supplier offered at USD 730/mt. However, buyers resisted higher offers, with many adopting a wait-and-see approach. Domestic spot market conditions remained steady, supported by planned maintenance that prevented oversupply, while downstream demand from construction and infrastructure projects held stable. Still, uncertainty over regional trade and the impact of anti-dumping duties (ADD) on Indian buying behavior kept market sentiment cautious.
In Southeast Asia, PVC prices rose to USD 680–710/mt CFR, up USD 10/mt week on week. Overseas producers’ elevated offers and scattered restocking pushed prices higher, though wider demand remained subdued due to weakened orders following US tariff measures earlier this month.
In India, PVC prices climbed to USD 730–760/mt CFR, up USD 20–30/mt. Domestic giant Reliance Industries Limited raised PVC prices by Rs.2/kg basic effective August 21, 2025. A major Taiwanese producer lifted its suspension-grade PVC offers by USD 30/mt compared to last month, quoting USD 760–770/mt for September shipment on CIF Nhava Sheva, Mundra, and Chennai basis. India’s market outlook improved following the government’s proposal to impose ADD on suspension-grade PVC imports, which is expected to reduce cheaper inflows and strengthen domestic producers’ position. Nonetheless, seasonal monsoon rains continued to dampen downstream demand from construction and agriculture, moderating buying momentum.
In Pakistan, PVC prices were assessed at USD 730–760/mt CFR, up by USD 10/mt or stable from last week. Offers for September shipment ranged between USD 730–760/mt, though demand remained weak as monsoon conditions weighed on major end-use sectors. Meanwhile, spot supply availability improved, easing immediate concerns.
In Sri Lanka, PVC prices rose to USD 720–750/mt CFR, up USD 10/mt or unchanged from last week, with offers from overseas producers falling within the same range for September shipment. Bangladesh also recorded firmer levels at USD 690–720/mt CFR, gaining USD 10/mt from the previous week, as overseas suppliers issued higher offers.
Feedstock markets remained largely steady. EDC prices were assessed at USD 175–185/mt CFR China and USD 185–195/mt CFR Southeast Asia, both unchanged week on week. VCM prices held at USD 520–530/mt CFR Southeast Asia and USD 545–555/mt CFR China. Ethylene gained momentum, with Southeast Asia levels at USD 825–835/mt CFR, up USD 10/mt, and Northeast Asia at USD 835–845/mt CFR, up USD 15/mt.
On the plant front, Hanwha Solutions is scheduled to shut its PVC unit in Ulsan, South Korea, in November 2025 for maintenance, with details on duration yet to be disclosed. The facility has a PVC suspension capacity of 210,000 mt/year and emulsion capacity of 95,000 mt/year. Taiwan VCM’s EDC unit in Lin Yuan remains offline for maintenance from mid-August to mid-September, with a production capacity of 470,000 mt/year. Meanwhile, Indonesia’s Sulfindo Adiusaha continues to operate its 370,000 mt/year EDC plant at 65% capacity since mid-August.
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