Introduction
According to customs data, the import volume of PVC rensin in China decreased both year-on-year and month on month in April 2026, mainly due to loose domestic supply and demand. The monthly export volume has significantly declined, compounded by multiple negative factors, resulting in a reduction in monthly net exports.
According to customs data, the import volume of PVC rensin in China decreased both year-on-year and month on month in April 2026, mainly due to loose domestic supply and demand. The monthly export volume has significantly declined, compounded by multiple negative factors, resulting in a reduction in monthly net exports.
Changes in import volume
According to customs statistics, the domestic import volume in April 2026 has decreased and remains at a relatively low level. The reason for maintaining this low level is still due to the unchanged pattern of domestic Pvc Resin Suspension Grade supply exceeding demand, as well as low domestic and foreign demand. In addition, there are also reasons why domestic prices are lower than international prices. The import volume for the month was 16100 tons, a month on month decrease of 12.02% and a year-on-year decrease of 40.34%; The import amount was 11.5 million US dollars, a month on month decrease of 7.78% and a year-on-year decrease of 40.97%; The average import price was 715.36 US dollars per ton, an increase of 5.07% month on month and a decrease of 1.07% year-on-year. From January to April 2026, the import volume of PVC powder products was 56900 tons, a year-on-year decrease of 33.51%; The import amount was 40 million US dollars, a year-on-year decrease of 38.42%; The average import price was 703.04 yuan/ton, a year-on-year decrease of 7.38%.
Changes in export volume
In 2026, the export volume of PVC powder remained high, reaching a historic high in March, but the export volume declined significantly in April. According to customs statistics, the export volume of PVC powder in China experienced a significant decline in April 2026, mainly due to policy changes, declining demand, and increased export costs. The export volume of Pvc Suspension Resin during the month was 284700 tons, a month on month decrease of 58.38% and a year-on-year decrease of 20.96%; The export amount was 241.62 million US dollars, a month on month increase of 45.75% and a year-on-year increase of 5.55%; The average export price was 848.61 US dollars per ton, a month on month increase of 30.32% and a year-on-year increase of 33.55%. From January to April 2026, the export volume of Polyvinylchloride Resin products was 1.7016 million tons, a year-on-year increase of 27.32%; The export amount was 1111.37 million US dollars, a year-on-year increase of 30.10%; The average export price was 653.11 US dollars per ton, a year-on-year decrease of 2.19%.
Net export change
In April 2026, China's net export of PVC powder products was 268600 tons, an increase of 59.64% compared to the previous month, with a significant decrease in net export volume. The main reason for the significant decrease in net exports is the significant reduction in export volume, which is mainly due to the following reasons:
1. Policy changes directly overdraw previous demand
Starting from April 1, 2026, the PVC export tax rebate policy will be officially cancelled in China. In March, enterprises concentrated on rushing to ship and overdrawn overseas orders in advance. The PVC export volume in March increased by 87.15% year-on-year to 800300 tons, leading to a rapid decline in subsequent export demand;
2. Global capacity expansion intensifies stock competition
From 2021 to 2025, the global PVC production capacity has cumulatively increased by nearly 10% to 65 million tons, with the newly added capacity concentrated in Northeast Asia. The significant increase in overseas market supply has created substitution pressure on China's PVC exports.
3. The export cost advantage is gradually narrowing
The geopolitical conflict in the Middle East has pushed up international shipping costs, with freight rates from China to core markets such as India doubling to over $100 per ton; At the same time, the overseas supply of ethylene based PVC is gradually recovering, and the price difference between domestic and foreign PVC has narrowed, weakening the price competitiveness of domestic products.
4. Increased uncertainty in overseas trade policies
Major export markets such as India have launched anti subsidy investigations against Chinese PVC, and the preliminary ruling results are expected to be announced in June July 2026, further suppressing export intentions due to rising trade barriers.
1. Policy changes directly overdraw previous demand
Starting from April 1, 2026, the PVC export tax rebate policy will be officially cancelled in China. In March, enterprises concentrated on rushing to ship and overdrawn overseas orders in advance. The PVC export volume in March increased by 87.15% year-on-year to 800300 tons, leading to a rapid decline in subsequent export demand;
2. Global capacity expansion intensifies stock competition
From 2021 to 2025, the global PVC production capacity has cumulatively increased by nearly 10% to 65 million tons, with the newly added capacity concentrated in Northeast Asia. The significant increase in overseas market supply has created substitution pressure on China's PVC exports.
3. The export cost advantage is gradually narrowing
The geopolitical conflict in the Middle East has pushed up international shipping costs, with freight rates from China to core markets such as India doubling to over $100 per ton; At the same time, the overseas supply of ethylene based PVC is gradually recovering, and the price difference between domestic and foreign PVC has narrowed, weakening the price competitiveness of domestic products.
4. Increased uncertainty in overseas trade policies
Major export markets such as India have launched anti subsidy investigations against Chinese PVC, and the preliminary ruling results are expected to be announced in June July 2026, further suppressing export intentions due to rising trade barriers.