PVC price increased further steeply with a hike of Rs6/kg, or 4.9%, w.e.f. 1st March 2021. This is the third PVC price hike in Q4FY21 (totalling to +Rs12/kg or 10.2%) after an increase of Rs26/kg, or 28.5%, in Q3FY21.   The longest rally in PVC prices continues to extend even into Q4FY21.   PVC prices, which are now at Rs129.3/kg, have almost doubled since 1st May’20. The surge has been largely led by sustained supply-side issues globally with US cold wave leading to the recent shutdown of plants. The record high prices in PVC resin may 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 Prince Pipes and Fittings (PPF) over Astral Poly Technik (ASTRA) and Supreme Industries (SI).   – Global supply shortage and strong winter in US pushes PVC prices to new highs with another hik...