Building Materials – Sector Update – PVC resin prices move up; inventory cycle favorable
Published on 01 Sep 2026
Domestic PVC resin prices have continued to recover following the sharp correction witnessed during Q1FY27. As per industry checks, PVC resin prices have increased by INR2/kg from 1st Sep’26, taking domestic prices to INR94/kg. PVC resin prices had declined sharply from INR115/kg on 1st Apr’26 to INR80/kg by 1st Jul’26, driven by increased availability of low-priced Chinese PVC, time-bound removal of import duty, and softness in demand. However, reinstatement of import duties has improved the pricing environment for domestic PVC producers. S-PVC imports currently attract 7.5% basic customs duty plus 0.75% social welfare surcharge, implying effective customs duty of 8.25%. In addition, the government has introduced minimum import price (MIP) of US$766/t for S-PVC imports, further limiting the scope for low-priced imports.
