In Q1 2025, the Vietnamese PVC Compound Hoses/Tubes market faced a more noticeable downturn, with prices dipping to 1124 USD/MT FOB Haiphong, marking a 6.82% quarter-on-quarter decline. The sharp drop was primarily driven by lower demand from the construction and infrastructure sectors, both domestically and regionally. Additionally, the oversupplied PVC resin market in Asia — particularly with increased Chinese exports at discounted rates — intensified pricing competition. Feedstock VCM and ethylene prices remained under pressure due to abundant availability and moderate operating rates at crackers across Asia, further pushing down cost support for PVC producers.


