Industry-wide losses force China PVC operating rate to 11-year low

Source: Mysteel Oct 29, 2026 16:26

China's PVC operating rate fell to 61.47% in late October, an 11-year low, as industry-wide losses forced producers to cut output rather than demand recovery.

China's PVC supply contraction is essentially passive output reduction forced by industry-wide losses, not a sign of demand recovery. OilChem data shows the overall capacity utilization rate fell to 61.47% as of October 29, down 16.79 percentage points year-on-year, the lowest since December 2015. The latest weekly output as

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