India Restricts Low-Priced PVC Resin Imports for Six Months

In a significant move to support the domestic PVC industry, the Government of India has introduced a temporary import restriction on low-priced Suspension Grade PVC Resin (S-PVC). The decision is expected to discourage the inflow of aggressively priced imports, improve market stability, and create a more balanced competitive environment for domestic manufacturers. Market participants will now closely monitor its impact on PVC availability, import volumes, and pricing trends over the coming months.Market Snapshot🛢️ Brent Crude: USD 96.78/bbl💱 USD/INR: ₹ 96.56📦 PVC MIP: USD 0.766/ kg (CIF)📅 Effective: Immediate | Validity: 6 MonthsKey Highlight• DGFT has changed the import policy for Suspension Grade PVC Resin (ITC HS Code 39041020) from "Free" to "Restricted" with immediate effect. • Only imports with a CIF value above USD 0.766/kg will continue under the "Free" category for the next six months. • 100% EOUs, SEZ units, and imports under the Advance Authorisation Scheme are exempt, provided the imported material is not sold in the Domestic Tariff Area (DTA). • The notification follows concerns over increasing low-priced PVC imports into India and is expected to improve competitiveness for domestic manufacturers. What This Means for Polymer Buyers• Low-cost imported PVC may become less readily available. • Domestic PVC prices could find stronger support if import volumes decline. • Buyers should compare domestic and import offers before making procurement decisions. • Businesses with near-term PVC requirements should monitor supplier quotations closely. PolyMart Perspective• Domestic PVC prices may remain supported as the restriction limits the inflow of ultra-low-priced imports. •  Monitor both domestic and import offers closely, as the price gap may narrow over the coming weeks. •  Plan procurement proactively if you have near-term PVC requirements, rather than waiting for lower import prices. •  Track daily PVC prices and policy updates through the PolyMart App to make informed purchasing decisions.PolyMart™ – Procure With Purpose.Disclaimer:This article is published by PolyMart Pvt. Ltd. for informational purposes only. All regulatory actions are subject to updates from the Government of India.