[Daily PVC Report] New-Versus-Old Price Gap Continues To Narrow, Market Runs Slightly Weak In A Narrow Range

On July 13, 2026, the domestic recycled PVC market showed a general slight decline, with regional price differentiation, all prices quoted are ex-factory and excluding tax. According to comprehensive monitoring by Longzhong, Jinlian Chuang, and Zhuochuang, the mainstream price for washed crushed material of standard white plastic in Hebei is 3200-3400 yuan/ton; in Jiangsu, the price for first-grade white transparent pellets is 4100-4200 yuan/ton, with a daily average decrease of 150 yuan/ton; the price for gray pipe recycled pellets is 3050-3200 yuan/ton.

Cost-side support has weakened. Recycling prices for rigid PVC industrial scrap remain stable at RMB 2,000-2,400/ton. Electricity costs for crushing and washing processing have risen slightly, while quotations for stabilizers and additives remain unchanged. In East China, virgin PVC SG-5 is quoted at RMB 4,350-4,500/ton on a cash basis. The price gap between virgin and recycled materials has narrowed to RMB 700-900/ton, reducing the cost-effectiveness of recycled materials and weighing on purchasing interest.

In terms of supply and demand and equipment, the average operating rate of recycled PVC processing plants nationwide is 52%, down 4 percentage points from last week. Small and medium-sized plants have proactively reduced output due to insufficient orders, with no centralized shutdowns for maintenance. The circulation of domestic plastic steel and pipe raw materials is sufficient, but the supply of imported waste PVC is relatively low, and the availability of high-end transparent crushed materials is tight. Downstream profile and pipe enterprises are operating at low capacity during the off-season, with an overall operating rate of 38.95%, only maintaining replenishment for existing customers, and the willingness for bulk purchases is sluggish.

Today, trading in the spot market was sluggish, with negotiations mainly centered on scattered small lots of 5-15 tons. Intermediaries were willing to cut prices to offload goods, leaving room for bargaining of RMB 100-150/ton, while the number of new inquiries remained limited. Market participants were relatively bearish. Manufacturers’ finished-product inventories were gradually accumulating, and they are prioritizing inventory reduction rather than supporting prices. Downstream fabricators continued to stay on the sidelines, waiting for prices to decline further before restocking in bulk.

The futures market showed clear bearish pressure. The main PVC contract closed at 4,538 yuan/ton on July 13, down 33 yuan intraday, a decline of 0.73%, weighing on confidence in the spot market. There was no speculative restocking in the market. Outlook: In the short term, recycled PVC lacks upward momentum. Weak virgin material prices, the downstream off-season, and narrowing price spreads are creating a triple bearish impact. Only raw material costs are limiting the downside. Over the next 1–3 days, prices are expected to continue edging down within a narrow range, with the price center moving lower by 50–100 yuan/ton, and transactions are unlikely to improve.

(The data in this article is compiled from publicly available information and is for market reference only. It does not constitute any investment or trading advice.)