PVC price uptrend continues with another hike of Rs4/kg, or 3.4%, w.e.f. 1st Jan’21. This is the seventh price hike in PVC in Q3FY21 (+Rs30/kg or 33%) after an increase of Rs14.5/kg, or 18.9%, in Q2FY21. The rally, which started with sharp spurt in May’20 and Jun’20, has now extended into Q3FY21 as well. PVC prices, which are now at Rs121.3/kg, have risen 85% since 1st May’20. The surge has been largely led by sustained supply-side issues globally. The record higher prices in PVC resin is likely to provide a major fillip to organised PVC pipe manufacturers with consolidation expected to gather pace as regional and unorganised players continue to face issues w.r.t. polymer sourcing and higher working capital requirements. We prefer Astral Poly Technik (ASTRA) over Prince Pipes and Fittings (PPF) and Supreme Industries (SI).   – Global supply shortage pushes PVC prices to new highs with another hike of Rs4/kg. With uptick in trade activities across the...

“We have got inputs from a wider spectrum of people to understand the issues within the PCPIRs. Dahej is the only PCPIR that we have envisioned fully and it offers us lessons in terms of what still needs to be done. While the anchor tenants and other key factors have been partially achieved, we need to do more on infrastructure and policy,” says Rangarajan Vijayaraghavan, Vice President, Adani Group. There have been multiple aspirational intentions that have been laid out. Why Dahej has not been able to take off the way it was expected is because of the issues across the value chain. The interesting part is that while our exports have grown fast, the imports comparatively have grown faster. It points towards the opportunity where the Indian chemical industry has to step up efforts to bridge the gap of US$ 163 billion worth of demand,” commented Vijayaraghavan.  “The master plan can pick up global lessons, especially from Europe and the Middle Ea...