PVC demand is likely to strengthen in Indian markets

28 June: PVC buying momentum in Indian markets is likely to strengthen in the next few days as the current PVC offers to India are at significantly high rates to restrict buyers in the country from booking imports but to purchase locally. Several PVC pipe manufacturers across the country, with whom their PVC import preferences were discussed, said that they will not book any PVC import against the latest offers for July 2013 shipments as the offers were not only at considerably high rates but also the INR depreciated extensively. The current PVC offers to India from Taiwan and South Korea are at $1,040 per metric tonne and $1,060 per metric tonne.
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