Onset of Monsoon pulls down PVC prices – 24 Jul 2014

Indian polymer market is going through a thin trading atmosphere for PVC material from the last few days. Volatility in the Rupee and depressed buying sentiments are some of the factors responsible for the slide in demand for the PVC material. The other factor that effected the demand for the PVC  resin was heavy rain in several parts of India during this week, and higher offer price resisted by Indian importers. Traders as well as buyers are expecting strengthening in demand after the monsoon end.
 

According to various traders in India ," Demand for the plastic raw material was moderate, further, PVC demand is expected to remain low due to the onset of monsoon.''  Various traders are of the view that the material prices are expected to remain stable going forward. 
 

Suspension grade of PVC was quoted at around Rs 92-93  a kg.