Page 50 - Plastics News - April 2026
P. 50
COMPANY NEWS
Grade Region / Price Today Price Today WoW to an estimated 25-30% demand destruction
Manufac- (`/MT) (`/KG) Change as MSME processing units, which form 85%
turer
PVC Sus- Domes- `1,14,000 `114.00 +`6,000 of the sector, struggle to pass on costs.
pension tic (RIL /
(K-67) Chemplast) Market News: Strategic Investigations and
PVC Sus- Import `1,02,000 `102.00 -9.2%
pension (Chinese Force Majeure
(K-67) SG5)
PVC Paste Domestic `1,25,000 `125.00 +`5,000 ♦ Anti-Dumping Action: The Indian govern-
(Emulsion) ment has initiated a Countervailing Duty
CPVC Industrial `2,10,000 `210.00 Firm (CVD) investigation on PVC suspension resin
Resin Grade
imports from China to protect local manufac-
Feedstock Impact: Crude oil prices crossing turers from aggressive dumping.
$103/barrel have pushed naphtha prices up by
$60/MT, forcing a structural re-pricing of all pol- ♦ Refinery Diversion: Refineries have been di-
ymers. rected to divert C3/C4 streams to meet do-
mestic LPG shortages, further tightening the
Price in KG: While bulk resin is at `114/kg, PVC availability of raw materials for PVC and PP.
pipe prices in the retail market have reached ♦ Infrastructure Momentum: Despite price
`140–`170 per foot for 4-inch variants. volatility, the Union Budget 2026 allocation
of $970 million for the PMKSY scheme con-
Demand-Supply: Global Disruption vs. Import
Overhang tinues to underpin long-term demand for ir-
rigation and water-supply pipes.
The demand-supply dynamic is currently under Market Expectation: Volatility to Persist
extreme pressure from two opposing forces:
Through April 2026
♦ Supply Shock: Force Majeure declarations
by East Asian producers (Hanwha, SCGC) The market expectation remains bullish on pric-
due to Middle East logistics disruptions have ing but bearish on immediate volume growth.
choked the usual supply lines. Additionally, With the Middle East situation deadlocked, sup-
Indian refineries are prioritizing LPG over ply is expected to remain "hand-to-mouth."
petrochemical feedstocks, threatening a 30- Short-term: Prices are expected to stay firm
40% capacity cut in domestic polymer pro- or trend upward in April as domestic invento-
duction. ries deplete and import costs from non-Chinese
♦ The China Factor: Despite global tightness, sources remain high.
Chinese commodity-grade PVC continues to
flood India at discounted rates (`1,02,000/ Yearly Outlook: Analysts project a 10-12% vol-
MT) due to weak domestic demand in China, ume growth for the year, provided the geopo-
creating a "bifurcated market." litical risk-off sentiment eases and allows for a
correction in feedstock costs.
♦ Downstream Demand: High costs have led
Source - Nexizo
52 PLASTICS NEWS April 2026
