Chinese export PVC breaks $550 FOB threshold.

China’s PVC markets faced another challenging week as export prices touched $550 FOB mark with overall price ranges remaining stable-to-softer across local and export segments. Despite firmer Dalian futures lending some support, oversupply and weak demand continued to dominate sentiment. Market players reported diverging views, with some noting marginal hikes in mid-range offers, while most confirmed further softening. The outlook remains clouded as regional oversupply and sluggish Indian demand weigh heavily on trade.

Local prices for ethylene-based K67-68 were stable to CNY50/ton ($7/ton) for the second consecutive week, while export prices fell by $10-15/ton after three weeks of stability. Acetylene-based PVC remained flat in the local market, but export prices softened by $5/ton for the second straight week. Both grades continue to hover at historical lows, with the low end of the ethylene-based export range hitting $550/ton FOB and acetylene-based slipping slightly below.

May PVC futures on the Dalian Commodity Exchange rose sharply by CNY319/ton ($45/ton) on a weekly basis as of December 18, fueling mixed reactions among market players.

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