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Vinyl Chloride Monomer Price Trend and Forecast

UNSPC code: 12142100
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Historical Data Since 2015
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Forecast for 2026

vinyl chloride monomer Price Trends by Country

qaQatar
usUnited States
idIndonesia
deGermany
beBelgium
mxMexico
inIndia

Global vinyl chloride monomer Spot Market Prices, Trend Analysis and Forecast

Vinyl Chloride Monomer (VCM) Price Trend Q3 2025

Vinyl Chloride Monomer (VCM)  markets across major regions displayed mixed performance in Q3 2025. Stable product prices in Qatar and Indonesia reflected steady demand and balanced supply. India registered a marginal dip amid competitive pressure and controlled inventory. Meanwhile, Germany, Belgium, the USA, and Mexico witnessed price declines influenced by weak PVC output and oversupply. Product price trends suggest a mildly bearish global sentiment continuing into Q4 2025.

Germany

VCM Export prices FOB Hamburg, Germany, Grade – Industrial Grade (99.98%).

In Q3 2025, Vinyl Chloride Monomer prices in Germany weakened following slower demand recovery and reduced polymer production activity. Vinyl Chloride Monomer (VCM) price trend in Germany reflected market oversupply and subdued feedstock utilization. Soft downstream demand from the PVC sector weighed on overall product prices.

According to PriceWatch, VCM prices in Germany dropped by 4.89% in Q3 2025. Product prices in Q3 struggled to gain momentum amid high storage levels and limited export movement. Lower ethylene costs intensified the decline across North European markets. In September 2025, VCM prices in Germany reflected downward adjustments consistent with overall bearish sentiment.

Belgium

Vinyl Chloride Monomer  Domestically traded prices FD Antwerp, Belgium, Grade – Industrial Grade (99.98%).

In Q3 2025, Vinyl Chloride Monomer market in Belgium experienced softening trends amid reduced activity in chemical and PVC manufacturing. Vinyl Chloride Monomer price trend in Belgium showed notable weakness influenced by lower production rates and mild downstream consumption. Decreased industrial output suppressed product prices through the quarter.

According to PriceWatch, VCM prices in Belgium fell by 4.84% in Q3 2025. Product prices in Q3 reflected contraction stemming from reduced domestic demand. European inventory buildup further pressured VCM price dynamics in the region. In September 2025, Vinyl Chloride Monomer prices in Belgium continued to record downward adjustments consistent with weak regional sentiment.

United States

VCM Export prices FOB Texas, USA, Grade – Industrial Grade (99.98%).

In Q3 2025, Vinyl Chloride Monomer prices in the United States decreased due to softer global demand and higher feedstock supply. Vinyl Chloride Monomer price trend in the USA reflected mild bearishness as domestic PVC output moderated. Increased ethylene production and reduced export inquiries pressured product prices. According to PriceWatch, Vinyl Chloride Monomer prices in the USA declined by 3.97% in Q3 2025.

Product prices in Q3 showed downward momentum reflecting weaker international trade sentiment. Energy feedstock cost correction further weighed on overall pricing structure. In September 2025, VCM prices in the USA remained below Q2 averages with muted buying interest.

Mexico

VCM Import prices CIF Manzanillo (USA), Mexico, Grade – Industrial Grade (99.98%).

In Q3 2025, Vinyl Chloride Monomer (VCM) imports into Mexico registered marginal decline amid subdued industrial activity. Vinyl Chloride Monomer (VCM) price trend in Mexico reflected moderate softness due to reduced supply from the United States and lower downstream efficiency. Product prices faced mild pressure as PVC manufacturers adjusted inventory levels. According to PriceWatch, Vinyl Chloride Monomer prices in Mexico dropped by 3.72% in Q3 2025.

Product prices in Q3 remained constrained under stable feedstock availability and lower export inflows. Regional demand moderation contributed to cautious procurement behaviour. VCM prices in September 2025 in Mexico remained below seasonal averages as trade slowed heading into Q4.

Qatar

VCM Export prices FOB Mesaieed, Qatar, Grade – Industrial Grade (99.98%).

In Q3 2025, the Vinyl Chloride Monomer market in Qatar remained relatively stable on the back of balanced domestic and export trade flows. The VCM price trend in Qatar reflected a consistent supply and minimal movement in upstream ethylene price changes. Overall production rates have been moderate and feedstock supply has been stable, reducing the likelihood of volatile product prices.

The PriceWatch provided Vinyl Chloride Monomer pricing in Qatar reflecting 0.00% change for Q3 2025. Continued production activity to support PVC consumption levels was seen in the region. Prices for VCM in Q3 have been upheld by adequate global demand and consistent raw material supply. The Sept 2025 VCM prices in Qatar, remained comparable to Q2 prices. Stability in the third quarter also highlighted consistent performance in trade activity moving into Q4.

India

VCM Import prices CIF JNPT (Qatar), India, Grade – Industrial Grade (99.98%).

During the third quarter of 2025, there have been slight declines in imports of Vinyl Chloride Monomer (VCM) into India, which coincided with steady domestic PVC production activity. In India, the price trend of VCM experienced some downward pressure due to competition from downstream and adequate inventory levels. Although imports have been declining, the demand from the construction and packaging sectors support continued trade activity.

According to PriceWatch, Vinyl Chloride Monomer (VCM) prices in India decreased by 0.34% during Q3 2025. For the Q3 reporting period, VCM prices remained within a narrow band supported by stable freight rates and balanced procurement. Adverse conditions in Q3 haven’t altered the ongoing Vinyl Chloride Monomer price trend  in India due to the impact of regional trading parity with Middle Eastern suppliers. As of September 2025, prices for VCM in India have been just slightly lower than what was assessed during the previous month.

Indonesia

VCM Export prices FOB Tanjung Priok, Indonesia, Grade – Industrial Grade (99.98%).

During the third quarter of 2025, Indonesia’s Vinyl Chloride Monomer (VCM) market experienced steady trading sentiment, aided by support from moderate downstream consumption. The price trend in Indonesia on VCM showed slight improvement during Q3, supported by the improvement in the regional market for offtake and the steady feedstock requirements. Demand for PVC from construction and infrastructure provision prompted consistent procurement activity.

In addition, PriceWatch indicated that VCM pricing in Indonesia during Q3 have been increased marginally higher than Q2, pricing increased by 0.19%. Vinyl Chloride Monomer prices in the third quarter reflected little volatility though freight costs were slightly different. Stronger refinery operations and stability in supply coordination provided additional sustainability to the VCM pricing. In looking back to September 2025, Vinyl Chloride Monomer prices in Indonesia remained firm in comparison to the average of the previous month.

Vinyl Chloride Monomer Price Trend Analysis: Q2 2025

According to PriceWatch, Vinyl Chloride Monomer (VCM) prices on an FOB Mesaieed, Qatar basis averaged USD 525 per metric ton in Q2 2025, reflecting a marginal increase of 0.57% compared to Q1. This uptick was driven by moderately rising demand and stable output levels. FOB Tanjung Priok, Indonesia saw prices dip slightly to USD 513 per metric ton, marking a marginal decline of 0.19% quarter-on-quarter.

Meanwhile, Prices in Germany on an FOB Hamburg basis remained flat at USD 510 per metric ton, showing no percentage change. The most notable shift occurred in the USA, where FOB Texas prices fell to USD 478 per metric ton, a sharp drop of 10.99%. The global price trend during Q2 indicated mixed movements, with prices holding steady in Europe but declining in the North American market.

The Q2 2025 global price trend showed moderate volatility, primarily influenced by varying raw material costs and shifting regional demand dynamics. The trading range between USD 478 and USD 525 highlighted a competitive pricing environment driven by global supply balancing strategies. The global VCM market in Q2 remained under pressure from feedstock price changes, uncertain economic signals, and fluctuations in downstream PVC production across key regions.

According to PriceWatch, VCM prices on a CIF JNPT (Qatar origin), India basis averaged USD 578 per metric ton in Q2 2025, registering a minor rise of 0.52% from Q1 2025. This gradual upward movement resulted from a slight rebound in downstream demand and relatively stable global offers.

The Indian price trend remained cautiously optimistic, as processors resumed purchasing amid expectations of improved demand in construction and packaging segments. The Q2 2025 price trend closely mirrored global patterns, but Indian buyers remained price-sensitive due to local currency volatility and logistical costs.

CIF offers into India followed a narrow and controlled upward path, showing stability in contrast to the wider global range. The Indian market also benefited from consistent import availability and minimal port disruptions, enabling importers to plan inventories more efficiently. Ex-India offers remained balanced, with domestic producers focusing on cost optimization and competitive pricing to rival international players.

The VCM market in India maintained a healthy equilibrium between imports and local supply, moderating steep price fluctuations. Buyers stayed cautious but responsive, looking to secure longer-term deals under favorable terms. Despite external market pressures, the Indian VCM sector showed resilience through strategic sourcing and better demand visibility in Q2 2025.

In Q1 2025, VCM prices across major exporting countries saw a sharp decline, continuing the downward trend from late 2024. Prices in Qatar dropped by 15.04% to USD 521/MT, while Indonesia experienced a similar decrease of 15.17%, reaching USD 513/MT. Germany saw a more modest reduction of 5.83%, with prices falling to USD 512/MT.

This bearish trend was largely driven by a significant slowdown in global demand, particularly from the construction and automotive sectors, amid economic slowdowns and high borrowing costs. Additionally, high inventory levels and intense price competition among exporters put further downward pressure on prices. Importing countries like India remained cautious in their purchases, expecting further declines and preferring short-term contracts. USA VCM Prices declined to $537/MT by -3.4%.

In Q1 2025, VCM prices plunged sharply by 13.76%, falling to USD 575/MT, the lowest point in the observed timeframe. This steep decline was primarily due to a global downturn in demand from PVC producers amid sluggish construction activity and limited infrastructure projects in both domestic and international markets.

Additionally, Indian importers benefited from softer freight rates and a relatively stable INR, reducing overall import costs from Qatar. With inventory levels still elevated and buying sentiment weak, suppliers were forced to cut prices to maintain export volumes, reflecting subdued market fundamentals heading into the new fiscal year.

Vinyl Chloride Monomer Price Trend Analysis: Q4 2024

In Q4 2024, VCM prices continued their downward trend across key production regions. Germany experienced the largest decline, with prices dropping 12.03% to USD 544/MT, while Qatar and Indonesia saw prices fall to USD 613/MT and USD 605/MT, respectively. The global market remained oversupplied, as the influx of new production capacities from earlier in the year continued to saturate the market.

Demand in Europe and Asia was particularly weak, driven by slowing industrial activity amid geopolitical tensions, sluggish infrastructure growth, and unstable macroeconomic conditions. Furthermore, disruptions in global shipping routes, including those in the Red Sea, along with rising costs, hindered trade flows and limited new buying interest. USA VCM Prices Inclined to $556/MT by 1.1% to be a stabilized market.

VCM prices in Q4 2024 dropped by 6.06% to USD 667/MT as supply outpaced demand during the post-festival slowdown in India. Domestic PVC producers scaled back raw material procurement due to weak downstream demand and maintenance shutdowns. On the supply side, Qatari exporters maintained steady shipments, but lack of matching offtake in India led to downward pressure on prices.

Additionally, lower ethylene feedstock prices and improved shipping schedules contributed to a reduction in overall import costs. The bearish market conditions kept Indian buyers cautious and reluctant to restock aggressively, sustaining a deflationary trend through the quarter.

In Q3 2024, VCM prices experienced a brief recovery across Qatar and Indonesia, rising by 4.18% and 4.55% respectively, driven by a modest rebound in demand. Prices in Germany continued a mild decline of 2.02%, signaling regional disparities in recovery pace. APAC markets benefitted from renewed interest in construction and infrastructure projects, boosted by regional government stimulus packages.

Temporary shutdowns for maintenance at certain facilities also reduced available supply, which contributed to price stabilization. However, global buyers remained cautious, as macroeconomic conditions were still fragile and long-term demand projections remained conservative, especially in Europe. USA VCM Prices Inclined to $550/MT by 13.4%.

In Q3 2024, VCM prices increased by 6.75%, reaching USD 710/MT, driven by a seasonal uptick in demand from India’s construction and infrastructure sectors. As government-led infrastructure projects gained momentum after the monsoon season, PVC production increased, boosting VCM demand.

Additionally, unplanned outages at several regional VCM production facilities and limited ethylene availability in the Middle East contributed to the positive market sentiment. Fluctuations in freight rates, driven by regional tensions around the Red Sea and Suez Canal, also added some pressure to import costs, further raising landed prices at Indian ports.

VCM prices showed mixed trends in Q2 2024. Indonesia and Qatar posted slight gains of 3.65% and 0.81% respectively, reaching USD 633/MT and USD 625/MT, while Germany continued its decline with prices falling by 4.53% to USD 631/MT. The market saw a temporary lift in Asia due to a modest uptick in orders from downstream sectors, but the gains were capped by underlying oversupply.

Geopolitical issues such as Houthi rebel disruptions in the Red Sea added further complexity to trade, leading to logistical challenges and delayed shipments. Still, high inventory levels across regions and lackluster construction demand kept prices from rallying significantly. USA VCM Prices Inclined to $485/MT by 3.6%.

VCM prices saw a moderate increase of 1.38% in Q2 2024, rising to USD 665/MT as Indian demand slowly began to recover from the prior quarter’s slump. Seasonal restocking by PVC manufacturers, coupled with rising temperatures and pre-monsoon construction activity, supported a mild uptrend in procurement.

Despite overall global supply remaining steady, buyers showed improved confidence amid relatively stable freight costs and easing feedstock price volatility. However, the scale of the price recovery was capped due to ample inventories in the domestic market and cautious buying behavior influenced by macroeconomic uncertainty.

VCM prices declined across all major exporting nations in Q1 2024. Qatar recorded a 9.02% fall to USD 620/MT, while Indonesia and Germany saw drops of 3.87% and 4.39%, respectively. These declines stemmed from reduced global demand following a post-pandemic slowdown in industrial activity. The automotive and construction sectors, two of the largest VCM consumers, showed minimal growth amid rising costs and weakened confidence.

Additionally, global VCM capacity saw an increase as new production units came online in Asia and the Middle East, exacerbating the supply-demand imbalance. Exporters responded with competitive pricing, further pushing down the market in a bid to secure contracts. USA VCM Prices Inclined to $468/MT by 5.9%.

In Q1 2024, VCM prices declined by 5.56%, settling at USD 656/MT, reflecting weak sentiment post-year-end holidays. Indian PVC manufacturers operated at reduced capacities amid tepid construction activity and lagging infrastructure investments. Lower input costs, including ethylene and chlorine, along with softened freight rates from Qatar, pushed down CIF values.

Additionally, the market remained under pressure from overstocking during Q4 2023 and muted downstream demand from key sectors such as real estate and automotive. As a result, Indian importers remained conservative in their procurement strategy, contributing to the price drop during the quarter.

Technical Specifications of Vinyl Chloride Monomer Price Trends

Product Description

Vinyl Chloride Monomer (VCM) is a colourless, flammable gas used as the key intermediate in the production of polyvinyl chloride (PVC) resins. It is produced industrially from chlorine and ethylene and is essential for making PVC, widely used in construction and piping industries. VCM is typically stored and transported as a liquefied gas under pressure. Safety and quality standards are strictly maintained during its manufacture.

Identifiers and Classification:

CAS No – 75-01-4

HS Code – 29032100

Molecular Formula – C2H3Cl

Molecular Weight (in gm/mol) – 62.498

Vinyl Chloride Monomer (VCM) Synonyms:

  • Vinyl Chloride
  • Chloroethene
  • Chloroethylene
  • VCM

Vinyl Chloride Monomer (VCM) Grades Specific Price Assessment:

  • Industrial Grade (99.98%)

Vinyl Chloride Monomer (VCM) Global Trade and Shipment Terms

*Quotation Terms (Product & Country Specific): 250-300MT

**Packaging Type (Product & Country Specific): Tanker

Incoterms Referenced in VCM Price Reporting

Shipping Term  Location  Definition 
FOB Mesaieed  Mesaieed, Qatar  Vinyl Chloride Monomer (VCM) Export price from Qatar 
CIF JNPT (Qatar)  JNPT, India  Vinyl Chloride Monomer (VCM) import price in India from Qatar 
FOB Tanjung Priok  Tanjung Priok, Indonesia  Vinyl Chloride Monomer (VCM) Export price from Indonesia 
FOB Hamburg  Hamburg, Germany  Vinyl Chloride Monomer (VCM) Export price from Germany 
FD Antwerp  Antwerp, Belgium  Domestically Traded Vinyl Chloride Monomer (VCM) import price in Belgium  
FOB Texas  Texas, USA  Vinyl Chloride Monomer (VCM) Export price from USA 
CIF Manzanillo (USA)  Manzanillo, Mexico  Vinyl Chloride Monomer (VCM) import price in Mexico from USA 

*Quotation Terms refers to the quantity range specified for the VCM being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for VCM packing, ease of handling, transportation, and storage in industrial and commercial applications.

Key Vinyl Chloride Monomer (VCM) Manufacturers and their brands

Manufacturer 
QAPCO 
PT Sulfindo 
Vestolit 
Shintech 
Vynova 
Oxy Vinyl 

Vinyl Chloride Monomer Industrial Applications

Vinyl Chloride Monomer Market Share end use

Historically, several events have caused significant fluctuations in Vinyl Chloride Monomer prices

  • Inflation and Economic Instability (2023): Rising inflation rates and economic instability in various regions have impacted production costs and consumer demand, leading to fluctuations in VCM prices as markets reacted to changing economic conditions.
  • COVID-19 Pandemic (2020): The global pandemic led to widespread lockdowns, disrupting supply chains and reducing demand from industries like construction and automotive. This resulted in price volatility for VCM, with a notable decrease in early 2020 followed by a recovery as demand rebounded.
  • Hurricane Harvey (2017): This major hurricane impacted numerous petrochemical facilities in the Gulf Coast region of the USA, causing temporary shutdowns and leading to significant price spikes in VCM due to supply disruptions.
  • Oil Price Crash (2015-2016): The sharp decline in oil prices affected the cost of feedstocks used in VCM production, leading to fluctuating prices as producers adjusted to the new economic landscape.

 

These events underscore the VCM market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.

Why PriceWatch?

PriceWatch is your trusted resource for tracking global vinyl chloride monomer price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the vinyl chloride monomer market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.

In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence vinyl chloride monomer prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely vinyl chloride monomer market data.

Track PriceWatch's vinyl chloride monomer price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Data Collection and Sources​

  • Real-Time Market Data: PriceWatch aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions.
  • On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major VCM production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.
  • Supply Chain Monitoring: We track the entire VCM supply chain, from raw material availability (e.g., Ethylene and chlorine) to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis​

  • Geopolitical Tensions: PriceWatch continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact VCM prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.
  • Natural Disasters and Climate Events: We assess the impact of natural disasters, such as, hurricanes or winter storms on VCM production facilities, particularly in vulnerable regions like the U.S. Gulf Coast. These events are factored into our price forecasts and supply outlooks.
  • Economic Shifts: PriceWatch evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., automotive & Construction), to predict shifts in VCM demand and corresponding price movements.

Production Capacity and Supply Analysis

  • Current Production Monitoring: We maintain a comprehensive database of global VCM production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.
  • Future Capacity Projections: Our research includes detailed forecasts of upcoming VCM production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

  • Sectoral Demand Analysis: PriceWatch provides in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.
  • Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global VCM pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

  • Dynamic Pricing Models: PriceWatch utilizes advanced econometric models to forecast VCM prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.
  • Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

  • Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.
  • Ongoing Support: PriceWatch offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable VCM pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Vinyl Chloride Monomer Market Price Trend provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for vinyl chloride monomer. PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

The pricing of vinyl chloride monomer is influenced by several key drivers, including global demand for PVC, feedstock costs (such as ethylene and chlorine), production capacity, and geopolitical factors that affect supply chains. Additionally, fluctuations in oil prices can indirectly impact VCM prices, as they are closely linked to the costs of raw materials used in its production.

Regulatory changes, such as environmental regulations and safety standards, can significantly impact the pricing of vinyl chloride monomer. Compliance with stricter regulations may lead to increased production costs for manufacturers, which can subsequently result in higher VCM prices. Procurement heads should monitor legislative developments to anticipate potential cost increases and adjust their sourcing strategies accordingly.

Global economic stability plays a crucial role in determining the demand for vinyl chloride monomer. Economic growth typically leads to increased construction and manufacturing activities, driving up the demand for PVC products and, consequently, VCM. Conversely, economic downturns can result in reduced demand, leading to price declines. Procurement professionals should consider macroeconomic indicators when planning their purchasing strategies.

To mitigate risks associated with vinyl chloride monomer price volatility, procurement heads can adopt several strategies, such as establishing long-term contracts with suppliers, diversifying their supplier base, and implementing hedging strategies to lock in prices. Additionally, staying informed about market trends and maintaining open communication with suppliers can help in negotiating better terms and navigating price fluctuations effectively.

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