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Sino-Global Information: India's import tariff on PVC has been reduced to zero, and domestic PVC powder export orders have improved.
The Indian Ministry of Finance announced that starting April 2, 2026, the import tariffs on certain chemicals, including products like PVC, will be reduced to zero, with this notice valid until June 30, 2026.
This tariff adjustment has lowered the cost of importing PVC powder into India, increasing the enthusiasm of demand-side buyers to purchase PVC powder.
Mainland China PVC powder producers have seen a significant improvement in export orders this week, with the export order volume reaching 40k tons, the highest since February.
Due to the recent large price difference between ethylene-based and calcium carbide-based FOB export quotes, this week’s ethylene-based quotes are between $950-1000/ton, while calcium carbide-based quotes are between $790-810/ton, making overseas demand for calcium carbide-based sources more evidently increased.
In the short term, it is expected that mainland PVC powder companies will continue to have relatively favorable export order intake, coupled with the anticipated reduction in ethylene-based production capacity, which may further improve the supply and demand fundamentals. (Zhuochuang Information)