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Indian PVC players: Uncertainties over GST remain in place

by ChemOrbis Editorial Team - content@chemorbis.com
  • 28/06/2017 (18:19)
A few players operating in India’s PVC market reiterated their concerns regarding the ongoing uncertainties over the implementation of GST (Goods and Services Tax) that will put into force as of July 1, 2017.

A trader opined, “The outlook is cloudy given the uncertainties over GST. We believe that players will mostly adopt a wait and see attitude in the first two weeks of July until they get a clearer picture of the market. Demand has been remaining below expectations since January after the demonetization took effect as buyers, either small or large scaled, refrain from building any extra stocks.”

A second trader commented, “Although some sellers cut their offers to attract buying interest, demand remains quite slow in India as buyers are not interested in making fresh purchases given the ongoing uncertainties about GST. Supplies are ample while the monsoon season also continues to weigh on the overall sentiment.”
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