Southeast Asia’s PVC Markets Struggle Amid Weak Demand – What’s Next for March?

Southeast Asia’s domestic PVC K67-68 markets ended February on a weak note due to sluggish demand. While most regional suppliers held prices steady despite a two-week drop in import costs, Vietnam’s market saw slight declines.

In Vietnam, prices remained stable or dipped slightly as buyers relied on pre-holiday stock, limiting fresh purchases. Other regional markets, including Indonesia, the Philippines, and Thailand, maintained stability. However, concerns arise as Taiwan’s price cuts fuel bearish sentiment, and Ramadan is expected to slow trading in Indonesia and Malaysia.

With weak demand and external pressures, the region’s PVC market faces uncertainty heading into March.

Platts as on 5th March
South East Asia Platts as on 05-03-2025
PVC ($-20),710
LDPE ($+10),1160
LLDPE ($+20),1010
HD Inj ($+10),930
HD Blow ($+10),955
HD Film ($+10),950
PP Raff ($NC),960
PP Film ($NC),1020
PPCP ($NC),1000

South Asia(India) Platts as on 05-03-2025
LDPE ($NC),1170
LLDPE ($NC),960
HD Inj ($NC),925
HD Blow ($NC),925
HD Film ($NC),930
PP Raff ($-5),970
PP Film ($-5),995
PPCP ($-4),1005