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PVC Market Stabilizes as Trade Measures Curb Chinese Exports
Process Industries · Chemicals: Major Diversified · economic_daily · 2026-09-21
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PVC market conditions are expected to improve as anti-dumping measures against Chinese products and regional maintenance shutdowns tighten global supply.
What Happened
Market Improvement: The long-standing oversupply in the PVC market is expected to ease as multiple countries impose anti-dumping duties and import price restrictions on Chinese products. Coupled with production cuts by Chinese calcium carbide-based manufacturers, industry players anticipate a more stable market in the fourth quarter.
Operations at Formosa Chemicals: Formosa Chemicals & Fibre (FCFC) noted that benzene supply remains tight due to low utilization rates at olefin crackers. By adjusting its production processes to include toluene and mixed xylene, the company has maintained high benzene output and kept processing spreads within a profitable range.
Industry Dynamics: China General Plastics (CGPC) indicated that intensive maintenance and production cuts by Asian PVC plants in the third quarter are helping to tighten market capacity. From September through the fourth quarter, the supply-demand structure outside of China is expected to continue optimizing.
Policy Impact: Formosa Plastics highlighted that trade protection measures in countries like India, the UK, Thailand, and Brazil have effectively reduced the volume of low-priced PVC exports. These changes in the policy environment are seen as positive for stabilizing PVC prices and market order.