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Indian producer reduces local PVC prices

by ChemOrbis Editorial Team -
  • 01/09/2015 (10:54)
A source from an Indian producer reported that they reduced their local PVC prices by INR2000/ton ($30/ton) effective as of September 1, 2015. Their new offers stand at INR63500/ton ($973/ton) on an ex-warehouse India, cash basis.

The source commented, “Demand remains sluggish due to the monsoon season. Buyers are reluctant to purchase beyond their immediate needs.”

An agent of the producer stated, “Prices still have room to decrease as competitive levels are being offered for South Korean and Iranian materials. Meanwhile, supplies are ample in the market and buyers are not willing to restock. We hope that demand may start to revive in October as the monsoon season will end soon.”
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