US- Israel – Iran war has badly impacted the PVC resin prices which are major raw materials for manufacturing of WPC/PVC boards, Door Frames, Doors, and Edge Band Tapes. As per report, the Prices of PVC Resin has been noted to increase more than 10% in a week, and it may go up further as reported by suppliers and importers.
WPC/PVC based industry has been murmuring to increase the prices of finished goods, and they are unable to take new orders on old rates. Industry sources say that they may increase the prices up to 10 % with immediate effect analysing the present scenario.
The manufacturers of WPC/PVC based Boards, Doors, Doors Frames, Edge Band, PVC Laminate etc have been in discussion on the situation arising due to recent price rise of raw materials and they may take collective decisions in a couple of days.