Polymer Price Tracker - Uptick In PVC Prices Continue Unabated: ICICI Securities
Various lengths of plastic PVC and steel piping sit inside a new home under construction. (Photographer: Tim Boyle/Bloomberg)

Polymer Price Tracker - Uptick In PVC Prices Continue Unabated: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Polyvinyl chloride (PVC) price uptrend continues with another hike of Rs 4/kilogram, or 3.4%, with-effect-from January 01, 2021.

This is the seventh price hike in PVC in Q3 FY21 (up Rs 30/kg or 33%) after an increase of Rs 14.5/kg, or 18.9%, in Q2 FY21.

The rally, which started with sharp spurt in May-June 2020, has now extended into Q3 FY21 as well.

PVC prices, which are now at Rs 121.3/kg, have risen 85% since May 01, 2020. The surge has been largely led by sustained supply-side issues globally.

Click on the attachment to read the full report:

ICICI Securities Polymer Price Update.pdf

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