Indian Importers Still Hesitant to Import PVC Despite Chinese Prices Dropping Below $700 Amid Oversupply

Chinese PVC export prices have dropped below $700/ton for the first time in 20 months, driven by weak local demand and a slowdown in growth. The Indian market, affected by the monsoon season, has seen sluggish activity, with construction delays reducing PVC consumption. Despite easing freight rates, Chinese exporters are being forced to cut prices to attract Indian buyers, as oversupply and plant restarts in China add pressure. Lower crude oil prices and weak PVC futures on the Dalian Commodity Exchange have further contributed to the bearish trend. Indian importers remain cautious, expecting further price drops before making large purchases. PolyMart does not provide any assurances or guarantees regarding the reliability, accuracy, completeness, or quality of the information available on its website, app, or through any of its services. Therefore, the company is not responsible for any errors, omissions, losses, or damages that may result from the use of the website or app. It is advisable for users to exercise caution and independently verify any information obtained from these sources before relying on it for any purpose.