SINGAPORE (ICIS)--India is the world’s biggest importer of PVC. With domestic production unable to meet consumption needs, processors and convertors rely heavily on the import markets to keep their plants running.
However, the market has been plagued by an unexpectedly tight supply in H2 2020, and prices in the spot market have more than doubled since July.
Demand for pipes is typically strong after the monsoon season and Diwali festivities, but pipe makers have struggled to sell finished goods this year amid the higher-than-usual prices.
What happened in the second half of the year, and what can we expect for the rest of it?
In this episode of the ICIS Asia podcast, Jasmine Khoo speaks with Zhi Xuan Ho, editor for the South Asia PVC market, on recent developments.