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Players: Indian producer raises local PVC prices

by ChemOrbis Editorial Team -
  • 22/01/2015 (13:10)
According to players in India, a local producer has raised their PVC prices to the domestic market on the back of firming import prices. The producer reportedly increased their local PVC prices by INR1000/ton ($16/ton) to INR59000/ton ($955/ton) ex-warehouse India, cash.

A converter in the packaging sector reported receiving a higher price from the producer. He said, “A domestic producer firmed up their prices following the recent gains in import offers. However, we are still maintaining our cautious stance on our purchases as demand is still not that strong. We do not expect to see any major changes in PVC pricing over the near term.”

A trader also confirmed that they were offered local PVC from the same producer with an increase of INR1000/ton. He said, “The producer raised their prices as a major Taiwanese producer as well as a South Korean producer managed to sell out their February import quotas to India. We are seeing good demand and we think that buying interest is beginning to pick up. Prices are likely to follow a relatively stable trend for the near term.”
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