PVC demand in China is currently experiencing its traditional off-season, with the construction sector showing weakness. Despite these conditions, PVC prices have remained stable and unchanged. Export activity has slowed due to weaker demand in South Asia, particularly during the monsoon season. PVC has been available at $790—810/t CFR China. Carbide-based PVC has been on offer at $720—740/t FOB China. The most actively traded PVC futures for September delivery have depreciated by CNY 125/t ($17/t) week on week to CNY 5,906/t ($813/t) EXW on China’s Dalian Commodity Exchange this Friday.

The PVC market in India has weakened amid the monsoon season. Foreign suppliers have been lowering their offers daily, but buyers remain unresponsive. LG Chem's latest offer stood at $910—920/t CIF India, which failed to satisfy Indian buyers. Chinese suppliers offered the cheapest PVC, with freight rates from China dropping to $130/t, enhancing affordability. Market participants anticipate further reductions in Chinese offers next week. PVC price range went down by $40/t to $870—970/t CFR India. Reliance Industries has decreased PVC rates by INR 4,000/t as of 11 July.

The PVC market in Southeast Asia has seen mostly subdued demand due to seasonal factors. Market players are holding off purchases in anticipation of cheaper PVC offers. Current prices have fallen short of meeting buyers' expectations, leading to a slowdown in transactions. Suppliers may need to adjust their pricing strategies to stimulate demand.

Demand will be subdued in Asia this month. Chinese and Southeast Asian demand will be weak amid seasonal factors. PVC may depreciate by $10—20/t due to low demand. Indian demand will be subdued amid the monsoon season. Chinese suppliers may decrease offers by $20—30/t in the near term. CFR India price range may see a decline of up to $40/t soon. Supply will be sufficient in Asia.