Historical data underscores the gravity of the situation. Barring the anomaly of 2020, domestic PVC consumption has remained largely stagnant in recent years. This stagnation, coupled with a sharp increase in domestic production, has squeezed the market for imports while compelling exporters to seek overseas opportunities.
The Shenhua auction platform concluded on a subdued note, aligning with the weakening trend observed on the Dalian Commodity Exchange for PP and PE materials. In an effort to boost sales, coal-based producers implemented a price reduction of CNY 40-50/ton
The Indonesian PVC market has been under pressure for months, grappling with subdued demand, currency volatility, and regulatory uncertainties. The situation was further complicated by the government’s recent reversal of its planned VAT hike to 12% from January 1, 2025, maintaining the rate at 11%.
The Chinese PET bottle market entered 2025 with unexpected firmness, as suppliers raised both domestic and export offers despite widespread bearish expectations for January. This surprising move was driven by an upturn in futures trading and claims of reduced inventory pressure