Demand conditions for the PVC material softened in the major polymer markets in India as bearish sentiments prevailed among buyers in the country, post producers hiking their ex-work price in the last price revisions. To compound to the bearish sentiments, purchases of PVC pipes also lessened, resulting in pipe manufacturers slowing down their raw material purchases. Traders, thus, experienced inactive PVC purchases, a deviation from the active purchases the saw prior to the producers raising their prices.
A Mumbai-based trader told Indianpetrochem in the context of the prevailing market conditions in respect to the polymer, "Demand for PVC has weaken after Reliance Industries Limited hiking its ex-price in the last revision. The buyers' sentiments are bearish."
A PVC price manufacturer in Delhi said," Sales of PVC pipes are inactive these days, and that is contrary to what we expected."
However, demand for the polymer is going to rise by the end of this month due to the expected strengthening of demand for agricultural pipes.
A Mumbai-based trader told Indianpetrochem in the context of the prevailing market conditions in respect to the polymer, "Demand for PVC has weaken after Reliance Industries Limited hiking its ex-price in the last revision. The buyers' sentiments are bearish."
A PVC price manufacturer in Delhi said," Sales of PVC pipes are inactive these days, and that is contrary to what we expected."
However, demand for the polymer is going to rise by the end of this month due to the expected strengthening of demand for agricultural pipes.
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