EPCL: Notes from Analysts Brief Presentation April 2023
PVC international prices witnessed an uptick in the initial two months of the quarter on the back of renewed demand and restocking activity in India.
Prices then softened on the back of a hazy economic outlook, geopolitical turbulence, high volatility in international prices, slower than expected recovery in China, and an oversupply situation developing in India.
Ethylene prices will remain impacted by crude oil prices and OPEC+ decisions.
PVC prices are expected to recover to healthy levels once the challenging global geopolitical climate improves and recessionary concerns subside.
Pipes and fittings remain major application of PVC in Pakistan. Meanwhile, EPCL continues to play its part in promoting other downstream applications for which we have made significant investment in ThinkPVC outlet.
