Polymer Price Tracker - PVC Prices Fall For The Second Time In A Fortnight: ICICI Securities
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ICICI Securities Report
PVC (polyvinyl chloride) prices have declined by a further Rs 5/kilogram, or 3.7%, to Rs 130.3/kg, with-effect-from June 01, 2021.
This is the second decline in the last 15 days.
After an increase of Rs 19/kg, or 16.2%, in Q4 FY21, PVC prices have fallen by 4.4% in Q1 FY22-to date and 6.5% from the peak of Rs 139.3/kg in May 2021.
While the price surge in FY21 was led largely by sustained supply-side issues globally amid intermittent domestic lockdowns, the recent fall is essentially a result of expected imports of calcium carbide based PVC from China in the near term along with correction in global prices.
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