Cost divergence creates a two-track market for China PVC

Source: Mysteel Sep 15, 2026 09:50

Decoupled crude oil and coal prices have created a two-track China PVC market: low-sit ethylene-based producers cut output, while calcium carbide-based players enjoy cost advantages.

International crude oil and domestic coal have surged on separate drivers, creating clear divergence across China's two PVC production routes. Ethylene-based PVC producers are cutting operating rates amid heavy losses; some sell intermediates to mitigate losses. Calcium carbide-based producers show mixed results. Costs underpin domestic PVC prices, while high

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