PVC owes its origin to the tremendous strides made by chemical industry in the early is decades of the last century. Today PVC is an important raw material used in many sectors.
Global Situation
Global output of PVC is estimated to be around 34 million tons in 2007. As in the case of other polymers Asia is the main centre of growth for PVC.
Indian Situation
India’s PVC production is estimated to be around 100,000 tons. Tipped to be the third largest consumer of polymer after U.S and China in the next couple of years import is going to play a crucial role in the case of PVC also.
India\'s Forex reserves fell to $311.79 billion, down by $691 million for the week ended June 27 as against $ 312.481 billion in the last week, RBI said in its weekly report.
Forex dealers said the rupee drew support from a firm trend in local equity market but was still under pressure due to fresh surge in crude oil prices.
Indian rupee opened trading in a positive note Friday as investors covered their short positions but with oil holding above $145 a barrel and shaky stock markets raising prospects for more capital outflows, gains may be limited.
Gold
