PVC buying sentiment did not undergo the slightest improvement after Reliance Industries Limited assuring price protection in respect to the polymer. Buying remained lackluster mainly due to the major end-industries in slowdown mode. Notably, Indian producers are likely to lower their ex-work prices for the polymer in their next price revisions not only due to sluggish demand conditions and falling international prices but also due to the availability of excessive stocks of imported variants of the polymer. As a matter of fact, prices of imported PVC are lower than the domestic variants.
Stocks of imported PVC are learnt to be abundant In the country's polymer markets, procured by traders in the recent past. Thus, there is an imbalance of prices between domestic and imported variants. Indian producers, in such situations, are most likely to lower their ex-work prices in their upcoming price revisions for obvious reasons.
Moreover, international prices of the polymer are not expected to go up in the near term as demand in the Asian region will remain weak due to Chinese holidays, spanning from October 1 to 8, 2014.
(This article was published on the website on September 25, 2014)
Stocks of imported PVC are learnt to be abundant In the country's polymer markets, procured by traders in the recent past. Thus, there is an imbalance of prices between domestic and imported variants. Indian producers, in such situations, are most likely to lower their ex-work prices in their upcoming price revisions for obvious reasons.
Moreover, international prices of the polymer are not expected to go up in the near term as demand in the Asian region will remain weak due to Chinese holidays, spanning from October 1 to 8, 2014.
(This article was published on the website on September 25, 2014)
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