The price of Polyvinyl chloride (PVC) in Asia increased by 0.9% during the week ending October 24, 2025, on the back of some short-term supply adjustments. Prices increased marginally, despite low market sentiment and weak demand from construction and the infrastructure sectors. While the PVC Price Index rise during the week, the overall fundamentals were still pressured by falling upstream costs. There were many spot deals over the week with buyers reluctant to enter forward contracts given the economic uncertainty. Industrial activity and modest GDP growth in China provided limited support for the PVC price and future fundamental developments.
Polyvinyl chloride (PVC) prices saw a 0.9% increase in Asia in the week ending October 24, 2025, despite ongoing weak market sentiment and mediocre demand in key downstream sectors.
In assessing electric PVC prices recently, it was noted that short-term supply adjustments and selective buying contributed to the price increases, but the overall fundamental situation in the market remained under pressure.
The PVC Price Index ticked up a little, all while producers operated normally and inventory was bolstered.
Demand from infrastructure and construction sectors continued to lag, with downstream buyers showing no interest in forward deals. The majority of the purchases continued to be focused on spot deals, in the midst of a conservative mindset because of economic uncertainty. Dealers reported low inquiry levels, and the general market sentiment remained subdued.
The PVC manufacturers maintained steady production, and ex-factory prices only slightly adjusted. The futures market remained volatile and range-bound, lacking any breakout from its downtrend. Even though crude oil prices revived, there was no strong bullish strength in the PVC futures market.
The cost side saw upstream prices for calcium carbide continue to decrease to 0.31% in the past week, continuing to put downward pressure on PVC production margins. Propylene prices also decreased, continuing to direct the price assessment on the downside further down the value chain. Analysts went on to indicate the outlook for calcium carbide recovery may not be clear for the near future, indicating continued cost suppression of PVC in the near term.
China's GDP growth in the first three quarters of 2025 was 5.2% year on year, and the third quarter recorded GDP growth at a slower pace of 4.8%. Industrial Capacity utilization rates settled at 74.6%, which was slightly higher than Q2 but still lower than the same time last year. These rates suggest moderate economic activity which can help support basic PVC demand but was not strong enough to bring price rallies.
The rise in PVC prices in September was a measured 0.9%, driven by selective restocking, stable supply levels, and just a hint of optimism in recovering GDP and industrial utilization rates. Though the fundamentals are still weak, short-term buying and low inventory supported a modest price increase.
As per ChemAnalyst, price forecast for PVC in Asia expect a continued range-bound trend, possibly with limited upside if demand improves or supply eases. Demand outlook remains tepid, especially in construction and infrastructure, although seasonal restocking and macro underpinnings may offer some support.
