US PVC Market Turns Bearish in Late April as Demand Slumps and Supply Remains Ample

In the last week of April xxxx, the U.S. polyvinyl chloride (PVC) market witnessed a noticeable price decline, reflecting weakening demand and growing resistance from buyers. Export PVC prices fell for the third consecutive week as customers stepped back from purchasing and increasingly pushed back against earlier elevated offers. This shift follows a period of sharp PVC price increases driven by the Iran war and supply disruptions, but the market is now undergoing a correction phase as buying momentum fades.

Domestic PVC demand conditions remained subdued, particularly across the construction and infrastructure sectors. While some baseline demand persisted from pipe applications, overall activity in housing-related segments such as siding and fittings weakened. Higher financing costs and cautious procurement strategies further dampened purchasing interest, leading to reduced transaction volumes. Export demand also softened, with international buyers turning to more competitively priced supplies from other regions,...