Vinyl Chloride Monomer (VCM) prices in Asia remained unchanged in August 2025 owing to solid demand and well-balanced supply chains in India, wherein upstream costs and import flows remained unchanged. However, Japan saw a 6% price decline owing to over-supply and muted construction demand, whereas China's PVC marketplace started getting pinched with declining PMI and surplus inventories. Against the backdrop of conservative buying tendencies and excessive stocks in the region, market observers see vulnerability in September VCM prices and additional weakness in Q4 2025 on the backs of weak PVC demand and continued upstream pressure on EDC prices.
Key Highlights
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India VCM prices remained stable in August xxxx due to balanced upstream costs, stable imports, and stable demand from construction, infrastructure, and automotive applications.
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Japan witnessed xx lower VCM prices because of oversupply, lofty inventories, and a xxx slump in construction orders that impacted PVC demand.
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China&#xx;s decelerating construction industry and dipping calcium carbide prices assisted in building surplus PVC inventories and dampening buyer interest.
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Supply-demand mismatch in the region and weak buying sentiments indicate the potential for a crash in Asian VCM prices from September xxxx.
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Market insiders anticipate VCM prices to further decrease in Qx xxxx, propelled by feeble PVC demand and steady pressure on upstream feedstock prices.
Asia&#xx;s Vinyl Chloride Monomer (VCM) prices were comparatively stable in August xxxx, supported by even-keel supply chains and steady demand in key markets like India. However, signs of weakening fundamentals in China and Japan presage a possible drop in prices...
