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ICICI Securities Report
After a sharp rally in PVC (Polyvinyl chloride colloquial) prices post May 2020, other polymer (excluding PVC) prices too have followed suit with a price increase in the range of 1.2-9.9% in Q2 FY21-to-date.
It may be noted that the sharp fall in other polymer prices witnessed during February-May 2020 has recovered fully and is now higher by 7-14% year-to-date.
Except PP (polypropylene) , prices of other polymers - High-density polyethylene (HDPE), low density polyethylene (LDPE) and linear low density polyethylene (LLDPE) are also higher YoY.
We believe the recent price hikes may help aid volume recovery in segments to which these polymers cater, and reduce inventory losses incurred over the last few quarters.
Plastic processing companies dealing with these polymers are likely to benefit from the same.
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