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ICICI Securities: Polymer Price Tracker -  Price Hike In PVC Continues Unabated

PVC prices, which now stand at Rs 98.3/kg, have risen 49.9% since May 1, 2020, primarily due to supply-side issues globally.

A polymer strip is imbedded by machine into the security paper during the production process at the Landqart AG paper mill in Landquart, Switzerland (Photographer Gianluca Colla/Bloomberg)
A polymer strip is imbedded by machine into the security paper during the production process at the Landqart AG paper mill in Landquart, Switzerland (Photographer Gianluca Colla/Bloomberg)

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ICICI Securities Report

Polyvinyl chloride colloquial (PVC) prices’ uptrend continues with another hike of Rs 4/kilogram, or 4.2%, with-effect-from October 14, 2020.

This is the second price hike in PVC in Q3 FY21 after witnessing an increase of Rs 14.5/kilogram or 18.9% in Q2 FY21.

The rally, which started with a sharp spurt in May-June 2020, has now extended into October 2020 as well.

PVC prices, which now stand at Rs 98.3/kilogram, have risen 49.9% since May 01, 2020. The surge has been largely led by supply-side issues globally.

The sustained price hike in PVC resin is likely to provide a fillip to PVC pipe manufacturers by way of higher channel filling and inventory gains in near term.

Click on the attachment to read the full report:

ICICI Securities Polymer Price Update October 14, 2020.pdf

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