Introduction: In March
2025, China's PVC paste imports and exports both showed significant MoM
increases. For April, attention should be paid to changes in China’s domestic
downstream procurement enthusiasm, with imports likely to decrease, while demand
from certain countries remains favorable, and exports are expected to maintain
relatively high levels.
According
to data released by GACC, in March 2025, China’s PVC paste import volume amounted
to 11.71kt, an increase of 64.81% compared to February and a 45.62% increase compared
to 2024. The average import price was $1,018.84/mt, down 4.93% MoM.
In terms
of import trade partners, the top three import trade partners of PVC paste in
March were Taiwan of China, Thailand, and South Korea. The import volume from
these three partners totaled 7.11, accounting for 69.45% of March imports.
Specifically, imports from Taiwan of China were 4,623mt, up 54.41% MoM,
accounting for 39.47% of total March imports, with an average import price of $875.12/mt,
down 3.78% MoM. Imports from Thailand were 2,147.65mt, up 66.10% MoM, with an
average import price of $1,004.08/mt, down 0.05% MoM. Imports from South Korea
were 1,363.6mt, up 467.93% MoM, with an average import price of $866.64/mt,
down 4.84% MoM. The increase in March imports was mainly due to lower overseas
prices, prompting some domestic PVC glove enterprises to increase purchases of
imported glove-grade materials.
According
to data released by the GACC, in March 2025, PVC paste exports amounted to 16.54kt,
an increase of 85.03% compared to February and a 68.46% increase compared to
2024. The average export price was $1,007.41/mt, up 0.72% MoM.
In terms
of export trade partners, the top three destinations for PVC paste exports in
March were a European country, Egypt, and South Korea. The combined exports to
these three partners totaled 13.11kt, accounting for 79.30% of March exports.
Specifically, exports to the European country were around 12kt, up 82.91%
compared to February; exports to Egypt were 710mt; and exports to South Korea
were 496.2mt, showing a significant MoM increase.
In
summary, both imports and exports showed significant increases in March. On the
import side, lower prices for some imported materials led to increased
purchases by domestic downstream users. On the export side, exports to one
certain European country saw a notable increase, with demand from that country
remaining strong. Looking ahead to April, China’s imports are expected to
decrease, partly because some downstream users have built up feedstock inventory
and need time to digest them, and partly because U.S. tariffs on PVC glove
exports have dampened production and raw material procurement enthusiasm among
downstream glove manufacturers. Therefore, the PVC paste import volume may see
a slight decline. On the export side, the export volume is likely to remain
relatively high, as procurement enthusiasm from the European country persists,
and exports to that country are expected to remain strongly supported.