Price movements of bulk polymers and chemical raw materials exert a direct impact on procurement cost controls and supply chain stability for modern manufacturing sectors worldwide. On June 3, the domestic PVC paste resin (polyvinyl chloride paste resin) market held steady overall, as the tug-of-war between supply and demand persisted.

1. Market Summary: Quotes Standardize under Stability as High Supply and Low Demand Persist

On June 3, the domestic PVC paste resin market exhibited a steady consolidation pattern. Actual spot transactions were characterized by "firm nominal quotes alongside hidden concessions," with traders generally choosing to follow the market and adjust their offers flexibly based on available spot levels. Although on-site inventories remained abundant, demand from downstream conversion sectors failed to show meaningful growth, keeping overall market trading activity on the quiet side.

Domestic paste resin manufacturers universally maintained stable pricing for their offer sheets, with factory pre-sale periods mostly spanning 10 to 15 days. Broadly speaking, the structural reality of a "strong supply side vs. rigid downstream consumption" continues to dictate the marketplace.

According to the latest industry metrics, the average market prices for core product variants performed as follows:

• Leather Grade Paste Resin: The average market price hovered at 6,490 RMB/ton, remaining flat relative to the previous working day.

• Glove Grade Paste Resin: The average market price sat at 6,676 RMB/ton, holding flat against the previous working day.

2. Spot Price Distribution across Mainstream Regions

Actual tax-inclusive, delivered average spot prices across major consumption and distribution hubs held stable today, falling within the following boundaries:

Glove Grade Paste Resin

• East China: Tax-inclusive delivered average price near 6,825 RMB/ton.

• South China: Tax-inclusive delivered average price near 6,850 RMB/ton.

• North China: Tax-inclusive delivered average price near 6,725 RMB/ton.

Leather Grade Paste Resin

• East China: Tax-inclusive delivered average price around 6,600 RMB/ton.

• South China: Tax-inclusive delivered average price around 6,625 RMB/ton.

• North China: Tax-inclusive delivered average price around 6,550 RMB/ton.

3. Deep Dive into Value Chain Fundamentals

Supply Side: Plant Utilization Edges Upward, Ensuring Abundant Availability

The majority of domestic PVC paste resin manufacturers maintained stable production runs today. Notably, certain manufacturing facilities in the Anhui region experienced a minor upward adjustment in their operational loads, driving localized output continuously higher. As of today, the active operating capacity of the domestic PVC paste resin sector reached 1.153 million tons, translating into a capacity utilization rate of 64.96%. Against the background of elevated industry-wide inventories, the supply side continues to perform robustly, leaving spot availability highly secure.

Cost End: Calcium Carbide Edges Lower while VCM Holds Firm, Limiting Bottom Support

Upstream feedstock markets diverged today. Calcium carbide benchmarks registered minor downward adjustments, whereas vinyl chloride monomer (VCM) values demonstrated relatively firm behavior. Taken together, cost-end inputs offered limited bottom-defense insulation for paste resin, keeping overall manufacturing margins within thin parameters.

Demand End: Sourcing Kept Hand-to-Mouth as Trading Remains Quiet

Downstream converters—the anchor demand drivers spanning medical protection, synthetic leathers, and footwear fields—maintained highly cautious production runs. Current procurement activities are strictly limited to an immediate, hand-to-mouth rigid replenishment pattern, showing an absence of intent to build defensive inventories ahead of schedule. Hampered by slow new order intake, downstream operation rates remained low, preventing actual transaction volumes from expanding effectively.

4. Future Market Outlook: Weak Demand Places Compression, Short-Term Prices Await Flat Consolidation

Looking ahead, the domestic PVC paste resin market will continue to digest structural adjustments brought about by supply-demand imbalances over the near term:

• Supply side runs firm: The industry confronts a macroeconomic climate of capacity surplus. Furthermore, with minimal manufacturing units scheduled for maintenance turnarounds in the near future, spot output remains highly sufficient. The robust performance of the supply end will continue to place certain marginal pressures on price ceilings.

• Demand side remains soft: Downstream converters are universally wrestling with low-load production routines and sluggish order flows. The underlying erosion of demand stays pinned as the primary core factor capping the trajectory of the paste resin market.

Analytical Conclusion: Combining macro-indicators with front-line fundamental data, the domestic PVC paste resin market is projected to trend on the weakly stable side in the short term. Actual spot transactions will continue to lean on flexible, case-by-case commercial negotiations.