PVC Spot Price Mild Uptick

December 3, 2025, 10:03 AM

TDD-global

5666

Guide

Highlights at a glance

PVC futures (PVC2601) showed a volatile yet range-bound trading pattern on December 2nd, opening higher before dipping and rebounding in a V-shaped intraday trend. The contract closed at 4561, unchanged from the previous settlement, with a narrow price fluctuation of 32 points and a significant drop in open interest by nearly 47,500 lots. Despite slight gains in spot prices across East and South China (up 20 and 10 yuan/ton respectively), market sentiment remains cautious. Upstream producers held ex-factory prices steady, while traders cautiously raised fixed-price offers. Basis pricing remained largely stable, with regional variations reflecting weak demand. Although futures indicators suggest potential bottoming—supported by a golden cross in MACD and KD—the market lacks strong momentum. Spot transactions remain subdued as downstream buyers adopt a just-in-time purchasing strategy, avoiding aggressive restocking. High inventory levels and oversupply continue to weigh on the market, despite some support from recovering futures sentiment and international oil price hikes due to geopolitical tensions and OPEC+ production policies. In the short term, PVC is likely to trade sideways within 4550–4620, awaiting clearer supply-demand signals.

PVC Futures Analysis: On December 2nd, the PVC2601 contract opened higher but then fell slightly in the night session, before rebounding. In the morning session, prices continued to decline slightly before rising, and the afternoon session also showed a V-shaped pattern, initially falling before rising.

PVC2601 contract opening price: 4566, highest price: 4576, lowest price: 4544, price difference: 32, decrease in open interest: 47,480 lots, open interest: 1,024,038 lots, settlement price: 4561, previous settlement price: 4561, unchanged, daily trading volume: 548,981 lots. Evaporated funds: 3.279 billion yuan, outflow: 136 million yuan.

Regional Comprehensive Price Overview: Yuan/ton

PVC Spot Market: Domestic PVC market mainstream transaction prices continued to rise slightly, and the spot market atmosphere was acceptable. Price comparisons show: prices remained stable in North China, increased by 20 yuan/ton in East China, increased by 10 yuan/ton in South China, and remained stable in Northeast, Central, and Southwest China.

Upstream PVC producers continued to maintain stable ex-factory prices, with no significant price adjustments observed. Although futures prices have slightly improved from their lows, upstream factories showed little willingness to adjust prices. Instead, traders in various regions continued to tentatively raise their fixed-price offers slightly.

Currently, spot market pricing and fixed-price pricing coexist, but basis offers mostly remain at previous levels. Specifically, basis offers for the January contract in East China were -(50, -70), in South China -(0, -30), in North China (-320, -340, -370), and in Southwest China, some sources had individual January contracts at -(160, -180, -300). Although prices have risen slightly, spot market transactions remain weak, with downstream product manufacturers mostly maintaining purchases based on immediate needs.

PVC Market Outlook:

Futures: The PVC2601 futures contract continued to adjust between the middle and upper Bollinger Bands, but the adjustment range was relatively small today. Although the price action appeared to be up and down, it lacked sufficient volatility.

The price closed with a long lower shadow, indicating continued profit-taking. In terms of volume, short covering accounted for 26.0% compared to long covering for 24.3%, suggesting short positions are rolling over to the next contract. Technically, the Bollinger Bands (13, 13, 2) are flattening, and the daily KD and MACD lines show a widening golden cross trend.

At this juncture, the price action may be forming a bottom. We maintain our previous view that in the short term, we will continue to observe the stability of the upper range, especially the performance at the 4550-4620 high.

In the spot market: Currently, spot transactions lack price advantages, with high prices failing to secure deals. Downstream purchasing activity is low, resulting in lackluster spot market activity. The price increases have actually dampened demand, with the spot market consistently maintaining low-level buy-on-dips, not-buy-on-rises.

Upstream factories have been relatively rational in the face of slight futures price increases, not raising ex-factory prices across the board, focusing instead on digesting existing factory inventories. The current supply and demand situation remains weak, with high supply and weak demand, and northern supplies gradually flowing south.

However, the recent slight recovery in futures prices, coupled with the rollover of contracts, may provide some support for both the spot and futures markets. Internationally, oil prices have risen due to OPEC+ members' decision to maintain the suspension of production increases in the first quarter of next year, coupled with potential US action against Venezuela, causing market unease.

Additionally, Ukraine's drone attack on Russia also boosted oil prices. Overall, the PVC spot market is likely to continue its narrow range-bound adjustment trend in the short term.

Our platform connects hundreds of verified Chinese chemical suppliers with buyers worldwide, promoting transparent transactions, better business opportunities, and high-value partnerships. Whether you are looking for bulk commodities, specialty chemicals, or customized procurement services, TDD-Global is trustworthy to be your fist choice.

PP Price Fluctuation Today

Titanium Market Price Update