The blending effect of poly (vinyl chloride) (PVC) with relatively higher molecular weight (HMW-PVC) and relatively lower molecular weight (LMW-PVC) has been investigated by measuring various thermal stability and fusion times. The thermal stability of the blended PVC is improved when the small amount of LMW-PVC obtained using mercapto compounds as a chain-transfer agent is blended into PVC with HMW-PVC. At the LMW-PVC content from about 5-30 wt %, the thermal stability of the blended PVC is much more improved. Furthermore, the blended PVC with LMW-PVC, obtained using mercapto compounds, exhibits significant improvement in the discoloration time. The fusion time of the blended PVC is related to the weight-average polymerization degree of LMW-PVC and the LMW-PVC content.