Skip to content




Markets

Asia Pacific

  • Africa

  • Egypt
  • Africa
  • (Algeria, Tunisia, Libya, Morocco, Nigeria, Kenya, Tanzania, South Africa)
Price Wizard

Unlock global prices across the value chain and turn complex data into clear insights.

Price Wizard

Create and save your own charts

Favorite Charts

Save and access popular charts

Product Snapshot

Analyze price changes by product

Market Snapshot

Analyze price changes by market

Netback Analysis

Monitor prices and netbacks

Price Tracker

Track polymer prices globally

Stats Wizard

Unravel global import and export data to learn trade volumes and patterns.

Stats Wizard

Create and save your own charts

Snapshot

Grasp trade patterns at a glance

Partners

Analyze partner data over time

Reporters

Analyze reporter data over time

Data Series

Compare quantity, value and price

Supply Wizard

Track global polymer supply and visualize via interactive charts and tables.

Global Capacities

Monitor existing and new plants

Production News

Track supply changes by plant

Snapshot

Grasp supply status at a glance

Offline Capacities

Learn capacity outages

New Capacities

Learn new capacity additions

Plant Closures

Learn permanent plant closures

Supply Balance

Analyze supply balance over time

Filter Options
Text :
Search Criteria :
Territory/Country :
Product Group/Product :
News Type :
My Favorites:

Local PVC markets across SE Asia end March at multi-year lows

by Thi Huong Nguyen - thihuongnguyen@chemorbis.com
  • 01/04/2025 (09:08)
After ending February on a weak note, Southeast Asia’s domestic PVC markets showed little optimism in March, as prices continued to hit new lows toward the month’s end. According to the weekly average data obtained from ChemOrbis Price Index, local PVC prices across key markets in the region maintained a downward trajectory, continuing their stable-to-lower trend throughout the month.

The markets remained clouded by bearish sentiment as demand stagnated, and buyers were reluctant to engage, anticipating further price declines. Despite some market talk about price increases due to the swift sell-out of April allocations by a major Taiwanese producer, most market participants doubted the likelihood of any significant price hikes in the near term due to the ongoing weak demand.

A trader based in Vietnam said, “There are rumors suggesting that prices may rise after the major Taiwanese producer rapidly ran out of April allotment. However, we don’t see price increases materializing anytime soon given the overall lack of demand.”

Indonesia and Thailand see prices at near 5-year lows

As of the week ending March 28, local prices in Indonesia were assessed IDR200,000/ton ($12/ton) lower compared to the previous week, while in Thailand, they dropped by THB500-1000/ton ($15-29/ton). Both markets were seen nearing their lowest levels in almost five years, according to ChemOrbis Price Index data.

According to local market participants, some Indonesian sellers adjusted their pricing following the Taiwanese major’s announcement of lower offers for April shipments. Meanwhile, a Thai converter said, “PVC prices have dropped by around THB500/ton, but we are not rushing to replenish stock unless prices fall below THB24,000/ton.”

Vietnam lags behind other markets

Vietnam’s PVC market showed the weakest performance in Southeast Asia. With renewed weekly drops of VND500,000/ton ($20/ton), the market hit its lowest level since H2 November 2022, while prices in US dollar terms continued to trade below that in other major markets.

A source from a local producer noted, “We offer at VND18,000,000/ton for small buyers, while bulk buyers are eligible for lower prices. While there has been a slight uptick in demand due to some government stimulus, overall conditions remain unfavorable. Our plants are operating at reduced capacity due to weak buying interest and low prices.”

Malaysia shifts after five months; Philippines in hiatus

In Malaysia, after maintaining a relatively stable range since late October 2024, local PVC prices took a downturn, falling by MYR50-100/ton weekly and reaching their lowest point in nearly two years, according to ChemOrbis Price Index.

Meanwhile, in the Philippines, sellers continued to roll over offers, maintaining a stable trend in the local market for the seventh consecutive week. Data from ChemOrbis also revealed that domestic prices in the Philippines hovered around their near five-year lows.
Free Trial
Member Login