In October 2026, the U.S.-Iran conflict pushed up oil and ethylene prices, leading to a sharp rise in PVC prices. However, in November, as calcium carbide and ethylene prices retreated, PVC prices also trended downward.
In the long term, however, the downward trend in PVC prices is fundamentally driven by the supply-demand balance. Downstream demand is highly dependent on the real estate and construction sectors, with pipes and profiles accounting for a relatively large share of consumption. In November 2026, orders fell short of expectations, factories operated at low capacity, and upside limits on price rebounds were constrained. In the short term, PVC prices lack upward momentum.

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