ICICI Securities: PVC Pipemakers May Outperform CPVC Peers In First Half Of This Year
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ICICI Securities Report
Polyvinyl Chloride (PVC) prices increase further by Rs 2/ kilogram or 2.5% with effect from August 13, 2020. This is the third price hike in second quarter to date after a sharp spurt witnessed in PVC prices in May-June 2020.
PVC prices, which now stand at Rs 82.3/kilogram, have risen 25.5% since May 01, 2020. The surge in PVC prices is largely led by higher international PVC prices amid supply-side woes.
This, we believe, would provide a fillip to PVC pipe manufacturers (by way of higher channel filling) who have been grappling with Covid-19 led intermittent lockdowns.
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