China PVC market reflects supply shifts and price volatility in October 2026
China’s PVC market saw price fluctuations in October 2026 as local offers rebounded mid-month, amid ongoing European capacity closures.
The Chinese PVC market experienced volatility in October 2026, characterized by a softening cost environment early in the month followed by a recovery in Shandong-based offers. By October 22, Shandong Xinfax’s calcium carbide SG-5 ex-works prices reached 4,920 yuan per tonne, reflecting upward pressure following earlier declines.
Supply side dynamics are shifting globally as significant restructuring occurs in Europe. Westlake confirmed the permanent closure of its Cologne PVC facility scheduled for the first quarter of 2027. This follows a broader industry trend where nearly 11 million tonnes of annual petrochemical capacity have been idled or removed since 2024, altering the supply landscape for global buyers.
In the Indian market, participants are navigating an interim import price cap and an ongoing countervailing duty investigation into Chinese suspension PVC. Procurement analysts suggest that buyers should employ a multi-source procurement strategy to mitigate risks associated with these trade policies and shifting production footprints as the industry approaches 2027.