Anti-Dumping Probe and Import Reliance Shape India’s PVC Paste Resin Market

Key Highlights

• Leading PVC K67 brands priced between ₹68,500–69,500/MT.
• India still depends heavily on imports of paste resin; local production is minimal.
• Pending the ADD ruling could raise costs for CPVC and downstream industries.
• Multiple plant shutdowns and restarts in China and Korea affecting feedstock availability.

Domestic PVC Prices Hold Steady Amid Supply Uncertainty

• ASNYL PVC K67 (FJ65R) and HYGAIN PVC K67 (HS1000R) are both priced at ₹69,500 per metric ton, matching MEXICHEM PVC K67 (225P) at the same rate. 
• Meanwhile, XINFA PVC K67 (SG5) and DAGU K PVC K67 (DG1000K) are available at a slightly lower price of ₹68,500 per metric ton. 

Polymer Demand & Supply: Import-Driven Market Faces Risk of Price Hikes

• The supply of Polyvinyl Chloride (PVC) Paste Resin in India remains highly dependent on imports, with no significant domestic production of certain grades required for Chlorinated PVC (CPVC) manufacturing. 
• India imports PVC paste resin primarily from China, Korea, Malaysia, Norway, Taiwan, and Thailand to meet its rising domestic demand. Given the ongoing investigation into alleged dumping practices, the market remains uncertain, with stakeholders closely monitoring policy changes.
• While the Directorate General of Trade Remedies (DGTR) initiated its investigation nearly a year ago, no final findings have been disclosed. Industry sources suggest that imposing an anti-dumping duty (ADD) could significantly raise raw material costs, impacting the broader plastics sector. 
• As India currently faces a supply deficit, key domestic players like Reliance Industries Ltd. (RIL) and Adani are expected to enter the market in the coming years to bridge this gap. Until then, market participants remain dependent on imports, and any price disruptions could lead to increased costs for downstream industries such as pipes, coatings, and infrastructure.

Polymer News: Global Production Shifts

• Shandong Chambroad Sinopoly New Material has taken its 200,000-ton/year No.2 PP line in Binzhou, China, offline for maintenance starting 26th March 2025. 
• Meanwhile, Sanfame Group is preparing to restart its 1.2 million ton/year No.1 PTA line in China, which was idled in March for planned maintenance and is expected to resume full-capacity operations. 
• In Shandong province, Wanhua Chemical has shut down its 50,000-ton/year No.1 MMA unit in Yantai as of 26th March. 
• On the restart side, Hanwha Solutions has brought back online its 580,000-ton/year VCM unit in Yeosu, South Korea, following a planned maintenance shutdown that began on 12th February 2025. 

Expert Opinion: ADD Ruling Could Reshape Cost Dynamics for CPVC Sector

It is expected that the market will remain uncertain until the Gujarat High Court delivers its final ruling on the anti-dumping duty (ADD). If enforced, ADD could raise raw material costs, making CPVC and related products more expensive, and potentially impacting India's export competitiveness in plastics and construction materials. India will continue relying on imports, making PVC paste resin costs a key factor in industry growth and profitability.