# Vinyl chloride monomer: Trading

No VCM futures, so traders watch Dalian PVC

Source page: https://www.materialinsights.org/chemicals/vcm/trading/

What this tab covers How it is bought and sold: buyers and sellers, price benchmarks and who publishes them, exchanges, contract types, traders, how Indian buyers price it, recent price points, and good sources to follow.

#### Who buys, and where

- US Gulf, Japan, Taiwan, Korea and Middle East exporters of VCM and EDC

#### Who sells, and from where

- PVC makers in India, South-East Asia, Turkey and Egypt that lack ethylene

#### Price benchmarks

| Benchmark | Publisher | Basis |
|---|---|---|
| **VCM CFR Asia / CFR India** | ICIS; S&P Global Platts | spot, weekly |
| **EDC fob USG; EDC CFR Asia** | Argus; ICIS | spot, weekly |
| **PVC CFR India (suspension)** | S&P Global Platts | weekly |

#### Exchanges

| Venue | Contract | Notes |
|---|---|---|
| **Dalian Commodity Exchange** | PVC futures, 5 t | liquid; no VCM futures exist |

#### Contract types

- Term contracts with formula pricing linked to PVC or ethylene
- Spot cargoes in pressurised or semi-refrigerated gas carriers

#### Traders and distributors

- Producers' trading arms; Japanese trading houses (Mitsui, Mitsubishi) in Asian VCM (indicative)

#### How Indian buyers price it

- VCM priced on import parity CFR India
- Reliance publishes PVC list prices that follow CFR India plus duties
- DGTR and DGFT remedies: ADD on PVC paste resin (March 2025); suspension PVC ADD recommended Aug 2025 but not imposed; CVD probe on Chinese PVC from 27 Feb 2026; DGFT import restriction on S-PVC at or below $0.766/kg CIF for six months from 24 Jul 2026

#### Recent price points

| Date | Price | Basis | Source |
|---|---|---|---|
| 25 Feb 2026 | **$720/t** | suspension PVC CFR India | S&P Global, 27 Feb 2026 |

#### Good sources to follow
[S&P Global Commodity Insights chemicals news](https://www.spglobal.com/energy/en/news-research/latest-news/chemicals/022726-india-initiates-countervailing-duty-probe-into-china-origin-pvc-suspension-resin-imports)freemium research site · S&P Global

PVC and VCM prices and trade cases
[Polymerupdate](https://www.polymerupdate.com)freemium newsletter · Polymerupdate

Indian polymer prices and DGTR cases
[Argus Chlor-Alkali Outlook](https://view.argusmedia.com/rs/584-BUW-606/images/CHE-Argus-Chlor-Alkali-Outlook-Report-Sample-Nov2025.pdf?version=0)paid newsletter · Argus Media

EDC, VCM, PVC and chlor-alkali outlook
[Offshore Technology / GlobalData analyst comment](https://www.offshore-technology.com/?p=90685)free research site · GlobalData

capacity additions

## Other sections

- [Summary](https://www.materialinsights.org/chemicals/vcm/index.md)
- [Overview](https://www.materialinsights.org/chemicals/vcm/overview/index.md)
- [Correlation](https://www.materialinsights.org/chemicals/vcm/correlation/index.md)
- [Production route](https://www.materialinsights.org/chemicals/vcm/routes/index.md)
- [Production](https://www.materialinsights.org/chemicals/vcm/production/index.md)
- [Feedstocks](https://www.materialinsights.org/chemicals/vcm/feedstocks/index.md)
- [Cycles](https://www.materialinsights.org/chemicals/vcm/cycles/index.md)
- [Movement](https://www.materialinsights.org/chemicals/vcm/movement/index.md)
- [Regulation](https://www.materialinsights.org/chemicals/vcm/regulation/index.md)
- [Characteristics](https://www.materialinsights.org/chemicals/vcm/characteristics/index.md)
- [Emissions](https://www.materialinsights.org/chemicals/vcm/emissions/index.md)
- [Relationships](https://www.materialinsights.org/chemicals/vcm/links/index.md)