During Q1 2025, the Chlorinated Polyvinyl Chloride (CPVC) market showed signs of modest recovery, with prices strengthening across key Asian regions. FOB Thailand prices rose to 1800 USD/MT, marking a 2.80% increase compared to Q4 2024. The uptrend was supported by a slight rebound in construction-related demand and inventory replenishment by regional buyers.
Meanwhile, FOB Japan prices climbed to 1893 USD/MT, a 1.45% uptick from the previous quarter. The Japanese market benefited from renewed interest in infrastructure projects and steady offtake from downstream plastic processing sectors. Despite ongoing global uncertainties, market sentiment improved slightly on the back of stabilizing demand fundamentals.Â
In Q1 2025, the Indian Chlorinated Polyvinyl Chloride (CPVC) market displayed a firm upward trajectory. CIF India prices for Thai-origin material surged to INR 161,397/MT, registering a 5.81% increase from the previous quarter. The rise was supported by improved downstream demand from the plumbing and construction sectors as infrastructure activities picked up post-winter.
Additionally, tight availability from Thailand amid robust regional orders contributed to the bullish pricing. Meanwhile, Japanese-origin CPVC also saw a notable price increase, with CIF India values climbing to INR 172,220/MT, up 4.31% quarter-on-quarter, amid steady procurement from Indian processors and stable Japanese export flows.Â
According to the PriceWatch, Q2 2025 witnessed a decline in CPVC prices, with FOB Thailand prices decreasing to 1713 USD per MT, a 4.46% drop from Q1. The price trend was mainly due to weaker demand in the construction sector, as ongoing economic concerns reduced purchasing activity. Japan’s FOB prices also saw a slight decline to 1861 USD per MT, down by 1.22%. This was attributed to softer demand from industrial users and challenges in the export market.
The price chart for both countries reflected this subdued demand trend. Indian imports from Thailand and Japan showed reduced volumes as price-sensitive buyers opted for lower-cost alternatives. Feedstock volatility continued to exert pressure on both markets, while the seasonal slowdown in demand contributed to the market’s weaker performance. Despite these challenges, both markets adjusted to the new price dynamics.Â
In Q2 2025, according to the PriceWatch, India’s CPVC market saw a decline in CIF prices. CIF prices from Thailand decreased to 150,597 INR per MT, a 5.69% drop from Q1. This decline was primarily driven by a reduction in demand from the construction sector, as economic uncertainties led to slower project rollouts.
Meanwhile, CIF prices from Japan dropped to 165,932 INR per MT, reflecting a 2.90% decrease. This price trend was attributed to softer demand from industrial users and reduced export activity. The domestic market in Mumbai showed a similar downward trend, as local buyers became more cautious and delayed their procurement decisions.
Feedstock prices remained volatile, affecting overall pricing strategies in both Thailand and Japan. Seasonal slowdown further contributed to the price adjustments, with lower consumption in non-peak periods leading to reduced pressure on prices. The overall sentiment in India’s CPVC market remained subdued during this period.Â
In Q3 2025, the global CPVC resin market displayed moderate stability with regional variations. The Chlorinated Polyvinyl Chloride (CPVC) price trend fluctuated by 1-7% during the July-September 2025 quarter, influenced by steady feedstock costs, energy prices, and regional supply chain dynamics.
Despite some upstream fluctuations, robust demand from construction and plumbing industries helped sustain price stability. Continued production capacity expansions and supply chain adjustments are expected to support stable prices in the upcoming quarter.
Thailand:Â Chlorinated Polyvinyl Chloride (CPVC) Export price FOB Laem Chabang, Thailand, Grade: Pipe grade (Chlorine content 66.8-67.8 %).
In Q3 2025, Chlorinated Polyvinyl Chloride (CPVC) price trend in Thailand declined by approximately 6.27% on an FOB basis. The Chlorinated Polyvinyl Chloride (CPVC) price trend in Thailand has been influenced by fluctuations in upstream raw material costs and adjustments in regional supply chains.
Despite the price drop, steady demand from key sectors, particularly construction and plumbing, helped maintain market stability. The reduction in pricing can be attributed to softer demand in certain regions and some logistical adjustments.
Looking ahead, the Chlorinated Polyvinyl Chloride (CPVC) market in Thailand is expected to maintain a relatively stable price outlook, with price movements likely to be influenced by ongoing supply chain dynamics and the broader economic environment.
In September 2025, the CPVC prices in Thailand dropped by 0.87%, indicating a mild correction in the market, likely due to the continued impact of the broader supply chain adjustments and weaker demand in certain application sectors.
India:Â Chlorinated Polyvinyl Chloride (CPVC) import price in India from Thailand, Grade: Pipe grade (Chlorine content 66.8-67.8 %).
According to Price-Watch, In the third quarter of 2025, the price of CPVC resin in India, sourced from Thailand, fell by around 3.63% on a CIF basis to Nhava Sheva, underpinned by reductions in supply chain bottlenecks and logistics costs. The Chlorinated Polyvinyl Chloride (CPVC) price trend in India saw a principled price decline, aided by steady demand from sectors including plumbing and construction.
The aforementioned price developments have been supported by falling freight rates and availability of shipments. Conversely, the price of CPVC resin in India sourced from Japan increased by around 3.58% on a CIF basis to Nhava Sheva. This uptick in price has been attributed to broad construction and water management sector demand, increasing logistics costs, weakening rupee exchange rate, and port disruptions.
Despite stable demand developments in both markets, certain regional supply chain disruptions and variances in exchange rates exerted differing prices. In September 2025, the Chlorinated Polyvinyl Chloride (CPVC) prices in India sourced from Thailand moved up 0.01% reflective of minimal price changes due to stable demand and supply conditions. On the contrary, CPVC sourced from Japan moved down 0.51% indicative of slight relaxations from earlier price developments and exchange rates fine-tuning at the supply chain level.
Japan:Â Chlorinated Polyvinyl Chloride (CPVC) Export price from Japan, Grade: Pipe grade (Chlorine content 66.8-67.8 %).
In Q3 2025, CPVC resin price in Japan increased by approximately 1.13% on an FOB basis. The Chlorinated Polyvinyl Chloride (CPVC) price trend in Japan has been influenced by a combination of factors, including stable upstream raw material costs and ongoing adjustments in regional supply chains.
Despite the modest price increase, steady demand from key sectors such as construction and plumbing helped maintain market stability. The rise in prices can be attributed to stable demand in key regions and some logistical adjustments.
In September 2025, the Chlorinated Polyvinyl Chloride (CPVC) prices in Japan dropped by 1.42%, reflecting a mild correction after the earlier increase, likely driven by adjustments in supply chain conditions or softer demand in specific regions.
Looking ahead, the CPVC resin market in Japan is expected to maintain a relatively stable price outlook, with price movements likely to be influenced by ongoing supply chain dynamics and broader economic conditions.
The CPVC resin market in the APAC region, comprising of China, India, and Russia, exhibited a moderate bearish trend in Q4 2025, where prices reduced by about 3-5% in these markets. This downward price trend is linked to a balanced market supply position and slightly weaker demand from the construction and plumbing end-use industries.
In China and India, ample supplies of product coupled with consistent operations at producers’ units ensured adequate market supplies, while buyers are more selective in their purchases, preventing price increases.
In Russia, there is a similar trend as prices eased because of stable domestic supply levels and managed demand conditions, resulting in lack of bullish sentiment in the market.
China: CPVC Export price from China; Grade – Pipe grade (Chlorine content 66.8-67.8%)
CPVC price in China has been exhibiting a downward trend in the fourth quarter of 2025, experiencing a reduction of about 3.9%. The CPVC price trend in China has exhibited a weak pattern, given the lower levels of demand from construction and piping applications, which has affected purchases.
The domestic supply position has been favorable, with manufacturers keeping steady production rates and securing ample availability in the market. The export volumes have been average, considering that buyers have used their current stocks without making new purchases.
The feedstock cost support has been minimal, resulting in overall low market sentiment, while transactions have been slow owing to conservative purchase policies. Price of CPVC in China has demonstrated limited signs of recovery towards the end of the quarter. In China, CPVC prices in December 2025 have witnessed a slight rise of about 0.6%.
Japan: CPVC Export price from Japan; Grade – Pipe grade (Chlorine content 67%)
CPVC prices in Japan in Q4 2025 have been declining, reflecting a decrease of around 5.7% over the quarter. The CPVC price trend in Japan has been remaining weak as demand from construction and plumbing sectors has been softening, which has been reducing procurement levels.
Domestic producers have been maintaining stable supply levels, which have been ensuring adequate availability. Export activity has remained moderate, with limited regional demand support. Feedstock cost influence has remained stable to slightly weaker, which has been reducing pricing support.
Trading sentiment has remained cautious, as buyers have been aligning purchases with consumption needs. In December 2025, CPVC prices in Japan have been decreasing by approximately 0.9%, reflecting continued pressure from subdued demand and stable supply dynamics.
India: CPVC import price in India from China; Grade – Pipe grade (Chlorine content 66.8-67.8%)
CPVC prices in India in Q4 2025 have been declining, reflecting a decrease of around 3.6% over the quarter. The CPVC price trend in India has been remaining slightly weak as demand from plumbing and construction sectors has been staying steady but not strong enough to support higher procurement. Import arrivals from China have been remaining consistent, which have been ensuring adequate availability.
Freight rates and logistics conditions have remained stable, which have been supporting steady trade flows. Buyers have been maintaining cautious purchasing strategies, as inventory levels have remained sufficient.
In December 2025, CPVC prices in India have been increasing by approximately 1.5%, as improved import inquiries and slightly firmer offers have been supporting a mild increase despite balanced market conditions.