ICICI Securities: PVC Price Hikes Continue Unabated 

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ICICI Securities Report

Polyvinyl chloride colloquial (PVC) prices’ uptrend continues with another sharp hike of Rs 3/kilogram, or 3.4%, with effect from September 17, 2020.

This is the seventh price hike in Q2-to-date totalling to Rs 14.5/kg or 18.9% even after a sharp spurt witnessed in May-June 2020.

PVC prices, which now stand at Rs 91.3/kg, have risen 39.2% since May 01, 2020.

The surge has been largely led by higher international PVC prices amid supply-side issues.

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.

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