Indian PVC up 6.3% in line with import hikes

04 March 2008 11:48  [Source: ICIS news]

SINGAPORE (ICIS news)--Indian producers have hiked domestic prices of polyvinyl chloride (PVC) by 6.3% for the second time in 2008 in response to rising import prices and feedstock costs, sources close to the producers said on Tuesday.

PVC prices for March cargoes rose to Indian rupees (Rs) Rs50.50/kg ($1.25/kg) EXW (ex-works, excluding taxes).

Also spurring the price hike was the anticipation of a pick-up in demand from the construction segment.

Indian PVC prices last went up was in January, but were rolled over in February due to customer resistance, as buyers delayed purchases ahead of the budget announcement last Friday.

Major PVC producers in India include Reliance Industries Ltd, Finolex Industries and Chemplast Sanmar.

($1 = Rs40.33)

For more on PVC visit ICIS chemical intelligence

By: Prema Viswanathan
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