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PVC pipe price hike is because of persistent supply-side issue: ICICI Securities
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PVC pipe price hike is because of persistent supply-side issue: ICICI Securities
Mar 16, 2021 9:22 AM

PVC prices have increased in Q4 so today the hike came into effect and increase by Rs 7 per kg or it is a 5.50 percent hike and it is a fourth price hike in the fourth quarter.

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So far the in Q4 the price hike for PVC has been around 16.50 percent and the prices are now at Rs 136 per kg.

According to ICICI Securities, since this hike is largely because of the persistent supply-side issue, this time around it will be negative for the unorganised sector because they will not be able to source it at a cheaper price.

The brokerage said there will be working capital challenges but even the organised players might see some difficulty this time around to pass on these price hikes.

Watch video for more.

(Edited by : Bivekananda Biswas)

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