PVC prices across Asian markets have entered 2026 on a mixed note, reflecting uneven demand recovery and continued export pressure from major producing regions. While some markets are witnessing marginal stabilization, others remain under downward pressure due to oversupply and cautious buying behavior.
China, one of the largest producers and exporters of PVC, continues to influence regional pricing dynamics. With domestic demand yet to fully recover, Chinese suppliers have been actively pushing exports, often at competitive prices. This has created pricing pressure across Southeast Asia and India, where buyers are increasingly negotiating for lower rates.
In India, the market has remained relatively cautious, with converters adopting a wait-and-watch approach. Inventory levels at both supplier and buyer ends have played a significant role in shaping price movements, leading to short-term fluctuations.
Meanwhile, freight costs and currency volatility have added another layer of complexity. Import-dependent markets are particularly sensitive to these factors, which can quickly alter landed costs and purchasing decisions.
Despite current challenges, industry participants remain optimistic about gradual demand recovery in the coming months, especially with infrastructure projects expected to pick up pace in several Asian economies.