Update on PVC resin price
• PVC prices hit historic lows: Prices across major markets have fallen to multi-year lows, reaching levels last seen in 2016 in China and 2020 in Southeast Asia.• China-driven oversupply pressure persists: Approximately 2.5 million tons of new capacity coming online has pushed the market into an oversupplied state, with an estimated surplus of 364 thousand tons in 2025.
• India’s policy easing provides limited support: The cancellation of BIS certification has reduced technical export barriers, but remains insufficient to reverse price weakness amid ongoing global oversupply.
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