Page 49 - Plastics News - April 2026
P. 49
COMPANY NEWS
vanced recycling tech, global best practices, and growth, along with growing regulations and de-
key investment. This could reduce risks for its mand for sustainable materials, creates positive
expansion and improve its global standing. Such market conditions. However, turning its technol-
partnerships could also help share knowledge ogy and full operations into lasting profit will be
and compare with European recycling standards the key to success. The venture's ability to get
and circular economy models. more funding and replicate its model across In-
dia will rely heavily on the results and lessons
Looking Ahead
learned from its first plant, shaping its long-term
ReCirqularity's future depends on its ability to impact on India's circular economy goals.
show consistent operational efficiency and fi- Source - https://www.whalesbook.com
nancial success from its Hyderabad pilot. The
Indian recycled plastics market's expected
PVC MARKET REPORT: INDIA FACES
SUPPLY SHOCK & PRICE SURGE (MARCH 2026)
February levels due to the Middle East crisis.
♦ Industry Crisis: Over 50% of plastic MSMEs
have reportedly halted or reduced produc-
tion due to unsustainable margin squeezes.
♦ Strategic Shift: Reliance and Chemplast
raised prices by `6,000/MT this week,
he Indian PVC market is navigating an marking a cumulative monthly hike of over
"unprecedented crisis" this week as geo- `12,000/MT.
Tpolitical tensions in the Middle East and
the closure of the Strait of Hormuz trigger a dra- ♦ Import Tension: Chinese "SG5" grade is
matic surge in raw material costs. While domes- trading at a significant discount (approx.
tic producers like Reliance Industries (RIL) and `12,000/MT) compared to domestic "K-67"
Chemplast have implemented sharp price hikes grades.
of up to `6,000/MT effective March 25, 2026, PVC Resin Price Today: Domestic Hikes & Im-
the market remains bifurcated due to aggres- port Parity in India
sive, lower-priced Chinese imports flooding ma-
jor ports like Mundra. The pvc resin price today has seen a verti-
cal climb. Major domestic manufacturers have
Key Highlights
revised rates upward for the second time this
♦ Price Shock: Domestic pvc resin prices month to offset rising naphtha and energy costs.
surged by nearly 78% compared to early
April 2026 PLASTICS NEWS 51
