16 May 2013 09:27 [Source: ICIS news]
SINGAPORE (ICIS)--Polyvinyl chloride (PVC) producers in India increased their domestic list prices for May-shipping cargoes by rupees (Rs) 2.00/kg ($36.51/tonne), in response to the recent implementation of a higher import duty on all plastics, market sources said on Thursday.
PVC list prices were raised to Rs62.50/kg EXW (ex-works) effective 16 May, with the import parity at $1,010-1,020/tonne CFR (cost and freight) India, a source close to a major producer said.
India's 2.5 percentage-point increase in import duties on all polymers to 7.5% took effect on 9 May.
PVC producers in India include Reliance Industries, Finolex Industries, Chemplast Sanmar and DCW Ltd.
($1 = Rs54.78)
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