23 March 2012 11:13 [Source: ICIS news]
These producers implemented a Rupee (Rs) 1.50/kg (Rs1,500/tonne, $29/tonne) increase in their March domestic list prices of PVC on 8 March.
“Producers’ costs are getting higher not only due to upstream prices, [but] also due to [the] weakening local currency,” a major Indian PVC producer said.
Over the past month, the Indian rupee has depreciated against the US dollar by 4%.
“It is not surprising for local producers to hike their prices soon as their current prices are almost $20-30/tonne lower than import prices,” said an Indian converter.
Major PVC producers in
($1 = Rs51.28)
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