Asia
In the first half of 2025, PVDC resin prices in Asia followed a mostly bearish trend. The region was affected by subdued demand, especially in China, where the construction and real estate sectors continued to underperform. This kept downstream consumption weak, particularly in packaging and industrial applications.
The Lunar New Year holidays further reduced buying activity early in the year, while excess inventory levels from previous quarters limited any significant rebound. Although production levels improved in February, competition from cheaper imports and trade-related uncertainties, such as India’s tightening on PVC-related imports, dampened market sentiment.
Only by the end of Q2 did trading activity show modest improvement, supported by some recovery in China’s domestic construction and manufacturing sectors.
Europe
In Europe, PVDC resin prices remained generally stable to weak throughout H1’25. The market struggled with lacklustre demand, particularly from the construction industry, and high inventory levels persisted. Soft economic conditions across major markets like Germany and the Netherlands limited consumption.
Despite a drop in feedstock costs earlier in the year, suppliers held back from making deep price cuts, aiming to protect their margins. The influx of competitively priced materials from Asia, along with logistical delays caused by Red Sea shipping disruptions, added further pressure. Even brief supply constraints from plant shutdowns failed to lift prices meaningfully, keeping the market subdued.
North America
The North American PVDC resin market saw declining prices during the first half of 2025, especially in the first quarter. Weak construction activity and reduced seasonal demand, coupled with lower input costs, weighed on market performance. Harsh winter conditions disrupted logistics and production, but did not significantly tighten supply.
Export demand remained soft, particularly from Latin America and Canada. In Q2, sentiment improved slightly as US-China trade tensions eased and price reductions slowed. However, rising competition from Asian suppliers and ongoing logistical hurdles kept the market from fully recovering.