Polymer Price Tracker - PVC Prices Fall For The Second Time In A Fortnight: ICICI Securities

PVC pellets sit in a pile at a facility in Nashville, Tennessee, U.S. (Photographer: Eilon Paz /Bloomberg).

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.

Click on the attachment to read the full report:

ICICI Securities Polymer price Update 010621.pdf

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