Building Materials - Anti Dumping Duty (China/Korea) On CPVC Resin Continued: Prabhudas Lilladher

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.Directorate General of Trade Remedies recommended the continuation of the Anti-dumping duty on import of CPVC resin from China and Korea on May 25, 2024. As the previous ADD was set to expire on Aug 25, 2024, the Ministry of Commerce and Industry has extended the ADD for an additional five years. The duty rates have been set in the range of $593 to $792 per MT for CPVC resin and compound imported from the China PR and Korea RP. However, the duty would be levied now based on country of origin (which was not there earlier). .The extension of ADD on CPVC resin imports from China and Korea is expected to an increase in CPVC prices by Rs 35-40 per kg. We believe this development is beneficial for leading players in the CPVC sector who can pass on the higher costs while maintaining their market share. We have observed a significant reduction in the value of CPVC resin imports from China and Korea, dropping from 31% and 10% of total CPVC resin imports in FY23 to 14% and 5% in FY24, respectively. Additionally, imports from China further declined to 10% during April-June 2024. Major imports of CPVC resin are now predominantly coming from Thailand (31%) and Japan (24%) in FY24. As a result, we anticipate that this change will have a limited impact on the sector..The domestic PVC resin prices are on a downward trend, decreasing by Rs 12.5 per kg to Rs 79.9 per kg in Q2 FY24. We believe that the rising prices of CPVC resin, combined with the reduction in PVC resin prices, will widen the price gap between PVC and CPVC pipes. This differential is expected to benefit the PVC piping sector overall..Click on the attachment to read the full report: .Banks, NBFCs Q1 Results Review - Prefer Well Capitalised Private Banks; Remain Selective On PSBs: Nirmal Bang.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Building Materials - Anti Dumping Duty (China/Korea) On CPVC Resin Continued: Prabhudas Lilladher

The extension of ADD on CPVC resin imports from China, Korea is expected to an increase in CPVC prices by Rs 35-40 per kg and the brokerage believes this development is beneficial for leading players.

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Building Materials - Anti Dumping Duty (China/Korea) On CPVC Resin Continued: Prabhudas Lilladher

The extension of ADD on CPVC resin imports from China, Korea is expected to an increase in CPVC prices by Rs 35-40 per kg and the brokerage believes this development is beneficial for leading players.

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