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AustraliaIn Q1 2025, the Vietnamese PVC Compound Hoses/Tubes market faced a more noticeable downturn, with prices dipping to 1124 USD/MT FOB Haiphong, marking a 6.82% quarter-on-quarter decline. The sharp drop was primarily driven by lower demand from the construction and infrastructure sectors, both domestically and regionally. Additionally, the oversupplied PVC resin market in Asia — particularly with increased Chinese exports at discounted rates — intensified pricing competition. Feedstock VCM and ethylene prices remained under pressure due to abundant availability and moderate operating rates at crackers across Asia, further pushing down cost support for PVC producers.
In Q4 2024, PVC Compound Hoses/Tubes prices in Vietnam saw a slight decrease, reaching 1207 USD/MT FOB Haiphong, which represents a 0.85% drop compared to the third quarter. The market appeared largely stable but cautious, with buying activity slowing amid holiday season planning and year-end inventory balancing by manufacturers. At the same time, VCM prices in Asia saw limited movement, providing no significant cost pressure. However, weak international demand for finished goods and slight corrections in crude oil and naphtha (key precursors for ethylene) added to the overall bearish sentiment.
In Q3 2024, the Vietnamese PVC Compound Hoses/Tubes market began to show signs of softening, with FOB Haiphong prices reported at 1217 USD/MT FOB Haiphong, down 1.74% from Q2. This slight decline stemmed from subdued demand in both domestic and export-driven sectors, including construction and wire & cable manufacturing. Although downstream activity remained relatively healthy, the market faced pressure from increased availability of cheaper PVC imports from neighbouring regions like China and South Korea, where oversupply and lower the costs of feedstock, especially ethylene and VCM, have continued to impact pricing trends in the region.
In Q2 2024, notable fluctuations were observed in the pricing trends of the PVC compound Hoses/Tubes market in Vietnam. During the initial two months of this quarter, prices increased; however, in the final month, they declined, leading to a stabilization in the market. This stability can be attributed to PVC compound manufacturers who have decreased production in response to weak demand from the downstream construction industry. Additionally, converters and distributors are maintaining low inventory levels due to ongoing financial constraints.
In Q1 2024, the Vietnam PVC Compound Hoses/Tubes market faced a decline of 2%, attributed to decreased demand from the downstream construction sector, largely influenced by festivals such as the Lunar New Year, which negatively impacted product demand. On the other hand, the domestic supply of the product continued to be strong. Additionally, the lack of strong cost support from feedstock prices for Ethylene and Chloride contributed to a reduction in production costs, thereby influencing the pricing trend of the product.
In Q1 2025, the market remained under pressure, with PVC compound General Purpose House wire prices slipping to 820 USD/MT Ex-Delhi, down 4.72% from the previous quarter. The decline was primarily driven by tepid demand across key converting sectors, including insulation, footwear soles, and consumer plastic goods, as most industry players adopted a wait-and-watch stance ahead of fiscal policy announcements. Feedstock prices — notably VCM and ethylene — also exhibited relative softness due to oversupply conditions in the Asia-Pacific region, reinforcing bearish sentiment across the PVC value chain.
In Q4 2024, prices corrected slightly to 861 USD/MT Ex-Delhi, recording a 1.84% decline from Q3 levels. This adjustment followed the typical post-festival demand drop and an easing of feedstock pressure as global ethylene supply normalized. Moreover, many buyers had already fulfilled their requirements in advance, leading to reduced market activity. The influx of imported PVC resin and compounds at competitive prices — particularly from China and the Middle East — further capped any significant price recovery.
In the Q3 2024, PVC compound General Purpose House wire prices increased to 877 USD per metric ton in Delhi, reflecting a rise of 4.27% compared to the second quarter. The rebound was supported by pre-festive season demand buildup, especially from the footwear, wire & cable, and flexible packaging industries. Several manufacturers increased production in anticipation of Q4 consumption peaks. On the supply side, firming of VCM and ethylene prices globally — driven by tighter supply conditions and increased cracker maintenance in some regions — also contributed to a small rise in input expenses is leading to the increasing trend in prices.
In Q2 2024 prices remained nearly flat at 841 USD/MT Ex-Delhi, dipping just 0.22% quarter-over-quarter. This marginal shift pointed to a market in stabilization, as downstream converters gradually ramped up operations after a period of destocking. While feedstock availability — particularly for VCM and ethylene — remained steady, the lack of significant demand pulls from infrastructure or housing projects kept prices from rebounding. Domestic compounders operated cautiously, especially with import competition from Southeast Asian countries offering lower-cost PVC blends.
In Q1 2024, the Indian PVC compound General Purpose House wire market opened on a softer note, with prices averaging 843 USD/MT Ex-Delhi, reflecting a 4.31% decline from the previous quarter. The drop was largely attributed to sluggish post-holiday demand in end-use sectors such as footwear, cables, and automotive interiors. Although there was a temporary increase in activity associated with the onset of the festive season, PVC compound prices were negatively impacted by declining pricing trends in the base the resin (PVC suspension grade) experienced a minor reduction in the prices of VCM and ethylene feedstocks. Additionally, processors held back on bulk purchases amid expectations of further correction.
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Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
PVC compound, or polyvinyl chloride compound, is a versatile thermoplastic material created by blending PVC resin with various additives. This formulation enhances the properties of the base resin, allowing for a wide range of applications across multiple industries. The additives can include plasticizers, stabilizers, fillers, and flame retardants, which modify the compound's flexibility, durability, and thermal stability.
Packaging Type
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Property | Specification |
| Specific gravity (@
27℃)27℃)
|
1.16-1.55 |
| Hardness | Shore A (55-88) |
| Thermal stability | 105 minutes |
| Tensile test | 15.5
N/mm2N/mm2
|
| Elongation at break | 265 % |
| Volume Resistivity | 1×10141×1014
Ohm-cm |
Applications
PVC compounds are widely used across various applications due to their versatility. Key uses include House wiring, Hoses and tubes, plumbing pipes and fittings, flexible packaging, medical devices, electrical insulation, toys, and automotive parts. Their durability, water resistance, and excellent insulating properties make them essential in numerous industries.
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