In Q1 2025, Vinyl Chloride Monomer (VCM) prices across major exporting countries saw a sharp decline, continuing the downward trend from late 2024. Prices in Qatar dropped by 15.04% to USD 521/MT, while Indonesia experienced a similar decrease of 15.17%, reaching USD 513/MT. Germany saw a more modest reduction of 5.83%, with prices falling to USD 512/MT. This bearish trend was largely driven by a significant slowdown in global demand, particularly from the construction and automotive sectors, amid economic slowdowns and high borrowing costs. Additionally, high inventory levels and intense price competition among exporters put further downward pressure on prices. Importing countries like India remained cautious in their purchases, expecting further declines and preferring short-term contracts.






