SHANGHAI — Chinese PVC and PVC paste resin prices witnessed a sharp, sudden rebound today in both domestic and export markets.
- Market Surge: On the Dalian Commodity Exchange, September PVC futures closed at CNY 4,474/MT (up ~41 yuan). Export offers spiked dramatically from last week’s USD 610–630/MT FOB to USD 670–680/MT FOB today.
- Key Drivers: Analysts attribute the rally to a complex mix of rising global crude prices following the resumption of U.S. airstrikes in Iran, heightened supply anxieties from Ukrainian drone strikes on Russian refineries, and climbing domestic production costs for calcium carbonate due to peak summer electricity demand.