India’s PVC Pipe Market Expands Amid Rising Infrastructure Demand

Key Highlights:

1. Stable Demand: Growing infrastructure and water management projects are driving steady PVC pipe demand.
2. Production Expansion: Malpani Pipes increased PVC production to 1,800 MTPA, enhancing supply efficiency.
3. Global Market Impact: Supply disruptions in China and fluctuating import prices may influence domestic rates.
4. Positive Outlook: India's PVC market is expected to rebound, despite global bearish trends.

PVC & CPVC Price Trends Across India

• The current PVC and CPVC pricing across various locations in India is as follows: DAGU PVC K57 (DG700) ready material is available in Mundra at ₹72,750/MT, while HANWA PVC K67 COMPOUNDED (P1000SB) is priced at ₹70,000/MT in Bhiwandi. 
• In Mundra, XINFA PVC K67 (SG5) is listed at ₹68,000/MT, whereas SHANDONG GAOXIN CPVC K57 (J500) is priced at ₹1,31,250/MT. 
• Additionally, SUN EIGHT CPVC K67 (XSJ700) is available in Mundra at ₹1,23,250/MT.

Infrastructure & Agriculture Fueling PVC Pipe Demand

• The Indian PVC pipes market is witnessing steady growth, driven by increasing demand from infrastructure, water management, and agriculture sectors. Malpani Pipes and Fittings Limited has recently expanded its PVC production capacity to 1,800 MTPA, reflecting this rising demand. 
• The company’s investment of Rs. 3.8 crore in advanced machinery, including an extruder production line and fully automatic socketing machine, highlights the industry's shift towards higher efficiency and quality improvements.
• With growing demand, the supply side is also adapting. By leveraging existing distribution channels from its sprinkler and drip pipe business, Malpani Pipes aims to streamline logistics and provide a seamless supply of HDPE and PVC pipes together, ensuring efficient delivery and inventory management. 
• On the demand side, PVC pipes are widely used in plumbing, sewage, drainage, irrigation, and chemical handling, making them an essential material in India's growing infrastructure sector. 
• The increased investment in smart cities and rural water distribution projects is expected to sustain demand growth. However, fluctuations in raw material prices and import policies could impact the cost structure and overall supply dynamics in the long term.

Polymer News: Global PVC Market Updates & Trade Movements

• SCG from Thailand offered its PVC at US$ 750/MT, CIF Nhava Sheva/Mundra/Chennai Port on LC at sight basis for March, 2025 shipment.
• Ningbo Oceanking has shut its Polyvinyl Chloride (PVC) Plant for maintenance work until early-March, 2025. The Plant is located in Ningbo, Zhejiang Province, China with a production capacity of 300,000 Tons/Year.
• Formosa from Taiwan offered its PVC Paste PR-F grade at US$ 920/MT and PR-L at US$ 930/MT, CIF Nhava Sheva/Mundra for March 2025 shipment.
• Reliance Industries has announced its nomination for H2 February Monoethylene Glycol (MEG) Contract Price at US$ 572/MT.

Expert Opinion:  India’s PVC Market Set for an Upswing

• It is expected that India’s PVC market is nearing its bottom and will soon trend upward, driven by improving demand and infrastructure expansion. However, the global PVC market remains bearish, with weak demand fundamentals preventing a price recovery. 
• In the near term, the outlook for PVC pipes remains positive as manufacturers increase production capacity to meet rising demand. Nonetheless, factors such as raw material availability, import-export trends, and competitive pricing will continue to influence market dynamics.