PVC demand in India not likely to strengthen remarkably in the near future

24 Sep: Market participants in India seem not to be much optimistic of any major rise in demand for PVC in the coming days, as they do not see any major spurt in manufacturing of the end-products. A Mumbai-based trader told Indianpetrochem," Demand for PVC has remained sluggish without any improvement. The sluggish demand is not only due prevalence of high price for the polymer but also due to slowing down in manufacturing activities." He said," Investments in many projects, in which PVC items are used, have been lowered, and that will impact bulk purchases of PVC, and based on my assessment, I do not foresee any major strengthening of demand for the polymer in the days to come." He quoted price for PVC in the market at around Rs 83 a kg. 
For more details click here>>