30 January 2009 08:06 [Source: ICIS news]
SINGAPORE (ICIS news)--A key polyvinyl chloride (PVC) producer in India has raised its domestic prices by around 5% due to firm buying interest from the pipe sector, traders and producers said on Friday.
The increase of Rupees (Rs)2/kg effective 29 January will bring prices to around Rs42.50/kg EXW (ex-works) ($0.86) excluding taxes, market sources said.
Global economic woes had failed to dampen India’s PVC pipe demand, driven partly by governmental infrastructure projects, a producer said. Local supplies were also tightening, evident by the increase in PVC import prices, the producer added.
($1 = Rs48.95)
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