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India's PVC prices unchanged despite thinly tradediscussions / Fewer Import Offers Heard / Domestic prices stable

India's PVC prices unchanged despite thinly tradediscussions / Fewer Import Offers Heard / Domestic prices stable

Nov 22, 2024

The CFR India PVC marker was stable in the week to Nov. 20amid thin trade discussions and largely unchanged demandsupplyfundamentals.Sources said market participants are awaiting clarity on theimplementation of the recommended antidumping duty.India released the preliminary findings of the antidumpinginvestigation concerning imports of polyvinyl chloride suspensionresins originating in, or exported from, China, Indonesia, Japan,South Korea, Taiwan, Thailand, and the US, with the officialinvestigating authority recommending the imposition of aprovisional antidumping duty on imports from these countries.A trader said it will take some time for the India market toadjust to developments around antidumping duty and upcomingBIS norms implementation in December.An international supplier was heard offering December cargoat $830/mt. Sources say it's unclear whether current demand can support rates higher than $810/mt. A major domestic producer is heard offering around $830/mt, on...

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