Depressed buying sentiment continues to prevail in Indian polymer markets in respect to the PVC material, which is subjected to weak demand, primarily due to slow-down in the end-industries. Predominant PVC consumers: agriculture, construction industries have slowed down on account of the prevailing rainy season, resulting in demand for the raw material weakening, and the price going down as a result. Reliance Industries Limited lowered its PVC price in the last price revision, seemingly due to the sluggish market conditions apart from international price trend.
Moreover, presence of ample stocks with traders in markets also is accountable for the downward price movement, as learnt in speaking with traders.
However, market participants are optimistic of the demand pattern to strengthen after the rainy season getting over, and end-industries functioning actively.
(This article was published on the website on September 10, 2014)
Moreover, presence of ample stocks with traders in markets also is accountable for the downward price movement, as learnt in speaking with traders.
However, market participants are optimistic of the demand pattern to strengthen after the rainy season getting over, and end-industries functioning actively.
(This article was published on the website on September 10, 2014)
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