Polyvinyl Chloride (PVC) is currently the third-largest volume thermoplastic and continues to show global growth. PVC demand is a price-sensitive market and has felt the impacts of the lower crude oil prices. After the major drop in crude oil prices last November, PVC prices began falling as much as 30% in some regions. Prices began to rebound in February of this year, reaching another peak during the second quarter of 2015. Today’s market is seeing an oversupply situation due to China’s investment in new vinyl capacity beyond its demand. North American PVC producers have benefited from the increased availability of ethylene driven by the sale gas boom. This in combination with their integration into chlor-alkali gives them a cost advantage position in comparison with other regions, and may foster further vinyl investments in the future.