India's DCW, DCM Shriram, Chemplast Sanmar rise on govt probe on PVC resin imports

Chemplast Sanmar

27/03/2024 06:27

** Shares of DCW  DCWL.NS , DCM Shriram  DCMS.NS  and
Chemplast Sanmar  CHPA.NS  rise between 1% and 6%, on the day
    ** Rise after India's Directorate General of Trade Remedies
(DGTR) initiates anti-dumping investigation concerning imports
of poly vinyl chloride (PVC) suspension resins originating in or
exported from China, Indonesia, Japan, South Korea, Taiwan,
Thailand and U.S. 
    ** Applications seeking anti-dumping probe filed by DCW, DCM
Shriram and Chemplast Sanmar, alleging dumping of PVC resins,
according to DGTR
    ** DCW, DCM Shriram and Chemplast are the major domestic
producers of PVC resins
    ** YTD, DCW down 6.8%, DCM Shriram has fallen nearly 15% and
Chemplast is down 11% - LSEG data

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))