PVC Powder Prices May Gradually Recover in the Second Half of the Year

                                    PVC Powder Prices May Gradually Recover in the Second Half of the Year

In March 2026, escalating geopolitical risks in the Middle East led to a surge in crude oil and ethylene prices. Many ethylene-based PVC plants worldwide faced production constraints due to raw material shortages, resulting in a significant increase in PVC prices. Indian PVC CFR prices rose by over 40% from early to late March. Subsequently, due to the waning impact of geopolitical conflicts and a surge in exports ahead of the cancellation of China's export tax rebates, international PVC prices experienced a significant correction.

Market Outlook and Trends for the Second Half of the Year

Operating Rate Rebound: As previously shut-down maintenance units gradually restart, coupled with improved transportation, overall output is expected to gradually stabilize.

Intensified Supply-Demand Game: In the short term, the recovery in supply may lead to a pullback in spot prices; meanwhile, demand continues to exert a drag, creating a dilemma for the market in the short term.

Policy Dividends Emerge: With China's complete elimination of export tax rebates for PVC pure powder, the supply-demand situation in Asia has structurally improved.

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