Weekly PVC Overview – 20 December 2024

In the domestic market, a leading producer is anticipated to reduce offers by $15-20/ton, a move that could substantially impact market dynamics. Many traders, banking on higher prices once the ADD and BIS requirements come into effect, have been withholding cargo. However, with the rapid depreciation of the Indian Rupee that inflates restocking costs and the prospect of softer local prices, these traders could face narrower margins.