India's Local PVC Premium Over Imports Begins Recovery

India's local PVC premium over imports is showing signs of recovery after reaching historic lows. This development suggests an improvement in domestic market dynamics for PVC. The premium had previously collapsed, but recent trends indicate a positive shift.

The recovery in local PVC premiums can be attributed to various factors, including global tensions impacting India's imports and a decline in the rupee, which has led Indian buyers to source more local polymers. The shift towards domestic supply is also driven by the need to avoid shipment delays amid tightened port measures.

Despite these positive signs, a full recovery in the PVC market could take up to 12 months, as global geopolitical tensions continue to influence trade flows and market stability.