European PVC Spot Prices Slide Amid Weak Demand, China Imports Show Moderate Growth

Key Highlights

• European spot PVC prices fell €15/mt week-on-week. 
• Feedstock EDC and VCM prices increased slightly. 
• China’s PVC imports rose 16% MoM and 7.7% YoY. 
• Market outlook remains stable-to-soft with muted demand.

European PVC Spot Prices Drop €15/mt Amid Ample Supply

Europe – Spot Prices (FD North West Europe):

• PVC: €805–815/mt (↓ €15/mt week-on-week) 
• Ethylene: €615–625/mt (↓ €15/mt week-on-week) 
• EDC (feedstock): USD 90–100/mt (↑ USD 5/mt) 
• VCM (feedstock): USD 505–515/mt (↑ USD 5/mt)

Europe – Contract Prices:

• Germany & France: €950–955/mt (stable)
• Italy: €960–965/mt (stable) 
• UK: GBP 825–830/mt (stable) 

China – Import Prices:

• September 2025: 14,400 tons imported at US$736/ton 
• Cumulative Jan–Sep 2025: 175,500 tons, up 0.76% YoY 
• Monthly increase: +16.08% MoM, +7.73% YoY

Demand Slows in Europe While China’s PVC Imports Rise 16% MoM

• Europe: PVC spot supplies are abundant, supported by domestic and imported material. Some producers lowered offers to align with Asian price levels. Spot market activity is lukewarm, with dealers offering weak prices and downstream inquiry/procurement relatively low.
• Downstream demand remains average, with insufficient operating rates in industries consuming PVC. Most manufacturers are operating stably, and overall supply pressure is unchanged. 
• China: PVC imports in September increased MoM and YoY, indicating steady demand recovery in some sectors.

Mixed Feedstock Trend: EDC & VCM Up, Ethylene Prices Ease

• European PVC producers are adjusting offers to match Asian parity levels, reflecting global supply pressure. 
• Crude oil and futures markets continue to suppress PVC pricing, as feedstock costs show mixed trends (EDC & VCM up slightly, ethylene down). 
• PVC market sentiment remains sluggish, with low hanging order prices and a cautious buying atmosphere downstream.

PVC Prices Expected to Stay Range-Bound with Weak Downstream Demand

• Analysts suggest PVC prices will maintain a range-bound adjustment in the short term.
• Spot market volatility is narrowing due to stable manufacturing operations and unchanged supply pressure. 
• With limited improvement in fundamentals, downstream demand is not expected to surge, keeping PVC prices within current ranges. 
• Overall, the European PVC market is expected to remain steady to slightly soft, while China continues moderate import growth supporting global trade balance.