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ICICI Securities Report
PVC (Polyvinyl chloride) prices have increased further with a hike of Rs 3/kilogram, or 2.2%, with-effect-from April 15, 2021.
This is the first hike in Q1 FY22 after an increase of Rs 19/kg, or 16.2%, in Q4 FY21. The longest rally in PVC prices thus continues to extend even in Q1 FY22.
Now at Rs 139.3/kg, prices have more than doubled since May 01, 2020.
The surge has been largely led by sustained supply-side issues globally amid sustained intermittent lockdowns post first phase of Covid-19.
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