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ICICI Securities Report
PVC (polyvinyl chloride) price uptrend continues with another hike of Rs 4 per kilogram, or 3.7%, with effect from December 01, 2020.
This is the fifth price hike in PVC in Q3 FY21 (up 22%) after increase of Rs 14.5/kg, or 18.9%, in Q2 FY21.
The rally, which started with sharp spurts in May-June 2020, has now extended into Q3 FY21 as well.
Now at Rs 111.3/kg, PVC prices have risen 69.8% since May 01, 2020. The surge has been led largely by sustained supply-side issues globally.
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