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Market Trends｜From 46,800 MT to 1.515 Million MT: How Will India’s Zero Tariff Policy Shake Up the PVC Market? Prices Rise Up to 1,400! PA66 to Increase Further!
On April 1, in response to inflation caused by regional conflicts, India announced that it would reduce import tariffs on polyvinyl chloride (PVC), polypropylene (PP) and polyethylene (PE) from 7.5% to 0% for a tentative period of three months. The measure will be effective from April 2 to June 3. India is the world’s largest importer of PVC, accounting for approximately 17% of global total imports. Its PVC demand is mainly concentrated in the agricultural sector, such as irrigation pipes, drainage and water supply pipes, followed by the construction industry involving profiles, films, wires and cables, etc. In terms of India’s import sources, Chinese mainland has long ranked first, with 41% of India’s PVC imports coming from Chinese mainland in 2024. China’s PVC export volume has incr... -
Commentary: Bolstered by Favorable Domestic and Foreign Policies, China’s PVC Exports Boast Vast Opportunities
On April 1, the Indian government announced the reduction of import tariffs on polyvinyl chloride (PVC), polypropylene (PP) and polyethylene (PE) from 7.5% to 0%. The policy officially took effect on April 2 for a tentative 3-month period, aiming to ease domestic inflation driven by regional conflicts. (This notice shall be effective from April 2, 2026 to June 30, 2026 inclusive.) India’s Temporary Import Tariff Exemption: A Window for Faster Exports Opens China is currently the world’s most stable major producer and supplier of PVC. Although the industry will enter a peak period of plant maintenance from April to July this year, market supply will remain stable backed by high social inventories. China’s PVC market is well-positioned to play an irreplaceable role in maintaining regional... -
PVC: Rising Negative Feedback, High-Range Oscillation with Bearish Bias
Fluctuations in crude oil costs have recently roiled market sentiment. International crude oil prices retreated after an oscillatory rally, weakening sentiment support for the chemical market. While the short-term plastic and chemical supply chain sees a slight contraction, end-users show strong resistance to high-priced raw materials. Plagued by heavy inventory pressure, PVC underperforms the overall industrial chain. PVC social inventory stands at 1.374 million tons, edging up 0.20% month-on-month and surging 70.63% year-on-year. According to Longzhong Data, as of March 26, the inventory-to-production days of China’s PVC manufacturers dropped 6.67% month-on-month to 5.6 days, as upstream supplies are intensively delivered to domestic and foreign markets. Market sentiment remains... -
PVC Trades Strong in Oscillation, Upside Capped by High Inventory; PP Polyolefins Offer Short-Selling Opportunities
PVC: Strong Oscillation, High Inventory Restricts Upside Potential In the previous trading day, the main PVC futures contract dropped 1.48%, with spot prices in East China falling 80 CNY/ton and the basis remaining stable. The core market game lies in the interplay between raw material supply concerns driven by overseas geopolitics, the launch of domestic spring demand and high inventory. Supported by solid short-term costs, PVC prices trade strong in oscillation while upside potential is strictly capped by high inventory. On the supply side, the operating rate of ethylene-based PVC plummeted due to high costs, forming expectations of structural tightening. Downstream pipe and profile operating rates rebounded seasonally but remained low, with procurement limited to rigid demand and wea... -
Middle East Tensions Fuel Plastic Price Surge | Chemdo Secures Global Supply Chains
Escalating Middle East conflicts, disrupted Strait of Hormuz shipping and Brent crude hitting $120/barrel have sent China’s core plastic raw material prices soaring (Mar 20-23). PE/PP/PVC/ABS saw sharp gains, with a 7.93% single-day peak rise, creating supply chain challenges—Shanghai Chemdo Trading Co., Ltd. stands as a reliable global supplier, delivering stable solutions amid volatility. Key Price Movements (CNY/ton) Market Outlook: Spot prices remain high despite mild futures corrections; PP/PVC face further supply gaps with extended plant maintenance, PE sees internal differentiation, and ABS is pinned by upstream styrene costs—high-level volatility to persist short-term. Chemdo: Your Stable Global Polymer Partner Headquartered in Shanghai, China, Shanghai Chemdo Trading Co., Ltd.... -
23,000 RMB/ton! Doubled in 10 Days, Up 4,000 RMB/ton in a Month! Middle East Conflict Hits Chemical Chain, ABS Jumps 500 RMB/ton in One Day
Since March 2026, the global chemical and plastics markets have faced unprecedented shocks due to the sharp deterioration of geopolitical conflicts in the Middle East and shipping disruptions in the Strait of Hormuz, regarded as force majeure events. International crude oil prices (WTI, Brent) have risen sharply, driving up costs across the entire petrochemical industry chain based on crude oil and triggering severe strains in global supply chains. Prices of basic chemical raw materials have soared: more than 100 chemical raw materials surged in the short term (from early March to mid-March). Among them, key intermediates such as acrylic acid, hexamethylenediamine, methylene chloride, butadiene, pure benzene and styrene recorded the most dramatic gains. For instance, hexamethylenediamin... -
Middle East Conflict Triggers Surge in Global Polypropylene (PP) Prices Asia Records the Strongest Increase
Data from Platts, a division of S&P Global Energy, shows that global polypropylene (PP) prices have risen sharply across the board since early March, driven by the ongoing conflict in the Middle East. Europe European PP homopolymer injection grade prices have increased by €220/mt since the start of March. As of March 13, spot price (free delivery) for PP homopolymer injection grade in Northwest Europe stood at €1,200/mt. On March 11, Platts assessed CFR North Africa PP raffia grade at $1,290/mt, up $190/mt week on week. This marks the largest single-week gain since the price assessment launched on March 17, 2021. CFR West Africa raffia grade prices have jumped 39% since the conflict began. Platts assessed CFR Far East Asia PP injection grade at $1,180/mt,... -
Chemdo to Showcase Comprehensive Plastic Raw Material Solutions at Chinaplas 2026 in Shanghai
Shanghai Chemdo Trading Limited is pleased to announce its participation in Chinaplas 2026 (The 38th International Exhibition on Plastics and Rubber Industries), the premier global event for the plastics and rubber sector. Exhibition Information Dates: April 21–24, 2026 Venue: National Exhibition & Convention Center (Shanghai), PR China Booth No.: 2.2J63 Main Products As a leading supplier of plastic raw materials, Chemdo will showcase its full range of high-quality polymer products at the exhibition, including: Polyvinyl Chloride (PVC) Polyethylene Terephthalate (PET) Polyethylene (PE) Polypropylene (PP) Polystyrene (PS) Polycarbonate (PC) Acrylonitrile Butadiene Styrene (ABS) Thermoplastic Elastomer (TPE) Thermoplastic Polyurethane (TPU) Ethylene Vinyl Acetate (EVA) Chinaplas... -
Geopolitical Conflicts and Policy Headwinds: China’s PVC Market Faces Dual Tests of Fire and Ice
Introduction The global chemical market has seen sharp volatility at the start of 2026. Renewed geopolitical tensions in the Middle East and the sudden escalation of the situation in Iran have directly driven a surge in crude oil prices, known as the “mother of the chemical industry.” However, for China’s polyvinyl chloride (PVC) market, this external “fire” has collided with a “cold snap” from domestic policy adjustments. Amid the complex interplay of cost support and the removal of export tax rebates, China’s PVC industry stands at a crossroads filled with uncertainty. The Upside: Geopolitical Conflicts Ignite Cost Support The recent escalation in Iran has become the biggest variable in the global energy market. As a key member of the Organization of the Petroleum Exporting Countries ... -
Dramatic Reversal of U.S. Tariff Policy: Structurally Differentiated Impacts on China’s Plastics and Chlor-Alkali Industries
Introduction From February 20 to 24, 2026, the U.S. tariff policy underwent drastic adjustments. The impact of this tariff fluctuation on China’s chemical industry market showed structural differentiation, and the core transmission path has shifted from “direct trade impact” to “downstream demand suppression and global trade flow restructuring”. I. Event Description From February 20 to 24, 2026, the U.S. tariff policy experienced a dramatic reversal: on February 20, the U.S. Supreme Court ruled that the 10% “reciprocal tariff” previously imposed by the Trump administration under the International Emergency Economic Powers Act (IEEPA) was illegal and revoked it; however, on February 24, the U.S. government immediately imposed a 15% temporary ta... -
Spring Festival Period PE Market Trend and Post-Holiday Outlook
During the 2026 Spring Festival in February, most domestic petrochemical enterprises maintained normal production. Some enterprises reduced their operating load due to the sharp rise in crude oil prices during the holiday, but the overall operating rate remained at a reasonable level. Affected by continuous production during the holiday, delayed post-holiday logistics recovery and the advance arrival of some imported resources (originally scheduled to arrive in mid-to-late February) at ports before and during the holiday, the accumulation of petrochemical and social inventories accelerated significantly. Data shows that as of February 24, the total inventory of Sinopec and PetroChina (covering general plastics including PE, PP, a small amount of ABS, PS and EVA) reached 940,000 tons, a... -
A Prosperous Start to the Working Year