In Q1 2025, PVC K67 Suspension Grade and K66-68 Suspension Grade market in China, Japan, the USA, and Taiwan due to several factors, showed early signs of recovery, with prices stabilizing at 693 USD/MT FOB Houston, reflecting a marginal 0.45% increase from Q4 2024. The price improvement was supported by anticipation of stronger demand in the upcoming construction season, along with clearer direction from fiscal policies related to federal infrastructure programs. Additionally, easing inflationary pressures and slightly improved housing starts created a cautiously optimistic outlook among converters and distributors. On the production side, tighter supply discipline and more measured output from integrated players helped prevent further oversupply. Feedstock costs remained relatively unchanged, maintaining cost stability across the value chain.
In Q4 2024, PVC K67 Suspension Grade prices dipped further to 690USD/MT FOB Houston, marking a 6.95% quarter-on-quarter decline. The decline was fuelled by seasonal factors, with colder weather in key regions slowing construction activities, especially for applications like water pipes, siding, and window profiles. Additionally, export demand weakened as global buyers, especially in Latin America and Africa, sought cheaper alternatives from Asia and the Middle East. U.S. producers also faced pressure from increased inventory levels, prompting competitive pricing strategies to maintain market share. Despite a relatively balanced supply chain, lacklustre downstream demand kept prices on a downward trajectory.
In Q3 2024, the U.S. PVC K67 Suspension Grade market witnessed a notable decline, with prices dropping to 742 USD/MT FOB Houston, reflecting a 5.63% decrease from the previous quarter. This downward movement was largely driven by subdued demand from the construction and real estate sectors, which continued to feel the impact of high interest rates and delayed infrastructure investments. Meanwhile, manufacturers maintained relatively stable operating rates, contributing to ample supply in the domestic market. Feedstock costs, particularly for ethylene and chlorine, remained soft due to strong availability and lower upstream energy prices, further compounding downward price pressure.
In Q2 of 2024, PVC K67 Suspension Grade market prices rose in China, Japan, the USA, and Taiwan due to several factors. Heightened seasonal demand in construction and manufacturing, coupled with rising feedstock costs for Ethylene and Chlorine, contributed significantly. Additionally, improved downstream demand, supply constraints from the disruptions and environmental regulations, and speculative buying influenced prices increased. These combined elements exerted upward pressure on PVC prices during that period, reflecting the complex dynamics of the global PVC market.
In Q1 2024, the global Polyvinyl Chloride (PVC) K67 Suspension Grade market experienced mixed trends due to rising feedstock Ethylene and Chlorine prices and strong demand from key sectors like construction and electrical. As the prices PVC were increased in China, USA, and Japan whereas in Taiwan the prices experienced a bearish trend. China saw a 0.7% increase, while both the USA and Japan markets rose by 7.5%, the major reason for price was higher raw material costs and supply chain disruptions. However, in Taiwan the price trend was reduced by approximately 9.5% due to the reduced demand from the downstream construction industry owing to festivals like Lunar New Year which hampered the demand of products. While the supply of the products in the country was high. Moreover, the poor cost support from the feedstock Ethylene and Chlorine prices helped to ease production cost and supported the price trend of the product.
Q1 2025, PVC K67 Suspension Grade prices settled at 902 USD/MT Ex-Ahmedabad, showing a further 2.80% decline quarter-on-quarter. The market entered the new fiscal year on a cautious note, with many downstream sectors awaiting clarity on the Union Budget and infrastructure allocations before making significant purchase decisions. On the supply side, ethylene and chlorine feedstock availability remained stable, ensuring smooth production, but with demand still moderate, prices trended lower. Looking ahead, expectations for a potential recovery in Q2 are building, contingent on policy direction and seasonal improvements in construction and agricultural activities.
Q4 2024, PVC K67 Suspension Grade, the downward trend continued, as prices dropped further to 928 USD/MT Ex-Ahmedabad, representing a 5.37% fall from Q3 levels. While the festive season in October offered a brief uptick in consumer-related packaging applications, overall market sentiment remained muted. Persistent inventory overhang, along with the availability of lower-priced imported PVC—notably from Gulf and Southeast Asian suppliers—pressured domestic producers. Despite steady operations, producers faced challenges maintaining margins due to subdued demand and competitive pricing dynamics in international markets.
In Q3 2024, the market experienced a correction, with PVC K67 Suspension Grade prices easing to 981 USD/MT Ex-Ahmedabad, marking a 4.16% decline from the previous quarter. This decline aligned with the onset of the monsoon season, traditionally a slower period for construction and agricultural activity. Reduced demand from pipe and fittings manufacturers, combined with normalized feedstock supply and stable chlorine output, contributed to the softened pricing environment. Many buyers refrained from aggressive procurement, relying on inventories built during the high-demand Q2 period.
Q2 2024, PVC K67 Suspension Grade prices witnessed a notable surge to 1024 USD/MT Ex-Ahmedabad, registering a strong 9.81% quarterly increase. This sharp uptick was largely attributed to the pre-monsoon construction boom, where demand for PVC pipes, cables, and profiles spiked across both urban and rural infrastructure projects. Additionally, supply constraints in global feedstock markets—particularly ethylene dichloride (EDC) and vinyl chloride monomer (VCM)—tightened availability and pushed up input costs, further supporting the bullish pricing trend. Market sentiment remained positive, bolstered by steady domestic consumption and favourable macroeconomic indicators.
Q1 2024, the Indian market for Polyvinyl Chloride (PVC) K67 Suspension Grade began on a steady note, with prices averaging around 932 USD/MT Ex-Ahmedabad, reflecting a modest 0.23% increase from the previous quarter. Demand remained consistent across key sectors such as infrastructure, irrigation, and consumer packaging, driven by restocking activities and continued construction momentum following the year-end lull. Feedstock availability for ethylene and chlorine was stable, allowing producers to maintain cost-effective operations without significant supply-side disruptions.
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Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
Polyvinyl Chloride (PVC) is a versatile synthetic polymer widely used in construction, electrical, healthcare, and consumer products. Known for its durability, chemical resistance, and cost-effectiveness, PVC can be rigid or flexible and is often enhanced with additives for various applications. Its environmental impact has sparked interest in sustainable alternatives.
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 |
Viscosity |
107-118 ml/g |
K value | 66-68 |
Degree of polymerisation | 1050±50 |
Bulk density | 0.45-0.58 g/ml |
Flow time | 25 sec |
Porosity | 0.21-0.29 mg/l |
Heat loss | 0.30 % |
Residual VCM (Vinyl chloride Monomer) | 2-5ppm |
Property | Specifications |
K-Value | 55–59 |
Viscosity (ml/g) | 0.68 – 86 |
Bulk Density (g/ml) | 0.48–0.55 |
Apparent Density (g/ml) | 0.42–0.54 |
Porosity | 0.22–0.34 |
Degree of Polymerization | 650–740 |
Residual VCM (ppm or %) | <2 – 10 |
Property | Specification |
K-Value | 67 – 75 |
Viscosity | 0.90 – 0.92 and 127 – 135 |
Bulk Density | 0.42 (min) – 0.56 ± 0.04 |
Porosity | 0.21 – 0.29 |
Residual VCM | <2 ppm – 10 ppm |
Degree of Polymerization | 1000 – 1400 (approx.) |
Particle Size | 0.01 – 0.2 |
Applications
Polyvinyl Chloride is widely used across various applications due to its excellent properties. Key uses include pipes and fittings for plumbing and drainage, window profiles for insulation, vinyl siding for buildings, flooring products, medical devices, electrical insulation, and packaging materials. Its versatility also extends to toys and consumer goods, making it an essential material in multiple industries.
PVC prices are influenced by a complex interplay of factors, including:
Raw Material Costs: PVC production depends on ethylene (from crude oil or natural gas) and chlorine (from salt electrolysis). Price fluctuations in these feedstocks directly affect PVC production costs.
Energy Prices: Energy is a significant component of PVC manufacturing expenses. Increases in electricity and natural gas prices can elevate production costs, subsequently driving up PVC prices.
Supply and Demand Dynamics: The balance between supply and demand plays a crucial role in determining PVC prices. An increase in demand, particularly from industries like construction and automotive, can lead to higher prices. Conversely, over supply or reduced demand can cause prices to drop.
Supply Chain Disruptions: Global events such as the COVID-19 pandemic, geopolitical tensions, and logistical bottlenecks can disrupt the supply chain, affecting PVC production and distribution. These disruptions can lead to material shortages, delayed shipments, and increased costs.
Environmental Regulations: Stricter environmental regulations aimed at reducing emissions and promoting sustainability can increase compliance costs for PVC producers. These additional costs are often passed on to consumers in the form of higher prices.
Geopolitical Factors: Trade policies, tariffs, and political instability in key production regions can disrupt the supply chain and impact PVC prices. For example, tariffs imposed on imported PVC can lead to increased prices domestically as manufacturers struggle to meet local demands.
Currency Exchange Rates: For international trade, fluctuations in currency exchange rates can impact PVC prices. A weaker domestic currency can make imports more expensive, leading to higher PVC prices domestically.
Market Speculation: Speculative activities in commodity markets can lead to price volatility. Traders’ expectations about future supply and demand can cause short-term price fluctuations, even if the underlying fundamentals remain unchanged.
Regional Production Costs: The cost of producing PVC varies by region due to differences in feed stock availability, energy costs, and labor expenses. For example, regions with abundant natural gas resources may have lower ethylene production costs, influencing PVC prices.
Feedstock prices, particularly Ethylene and Chlorine, directly impact PVC production costs. Ethylene, derived from crude oil or natural gas, constitutes approximately 70–80% of PVC manufacturing expenses. Chlorine, produced via electrolysis of salt, also influences costs; fluctuations in electricity prices, often influenced by oil and gas markets, can affect chlorine production expenses. Regional disparities in feedstock availability and energy costs lead to variations in PVC production costs; for instance, U.S. producers benefit from shale gas-derived ethylene, resulting in lower production costs compared to regions relying on more expensive feedstocks. PVC producers dependent on spot market purchases of ethylene and chlorine are vulnerable to price volatility, which can erode profit margins if producers cannot pass on these costs to customers. Rising energy costs, due to increased oil and gas prices, elevate the overall cost of PVC production, including higher expenses for both feedstock production and the energy-intensive processes involved in PVC manufacturing.
PVC (polyvinyl chloride) prices and inflation are closely interconnected, particularly in sectors like construction. PVC is a key material in these industries, and fluctuations in its price can significantly impact overall construction costs. For instance, in regions like Kerala, India, the construction industry has faced challenges due to rising costs of raw materials, including PVC, leading to increased construction expenses. Similarly, in Benin City, Nigeria, a study found a direct relationship between inflation rates and the prices of building materials, including PVC pipes, indicating that as inflation rises, so do the costs of these materials. These dynamics underscore the broader economic implications of PVC price changes, highlighting its role as both a contributor to and an indicator of inflationary trends in construction-related sectors.
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