Chemicals & Polymers
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Daily Report on Chemicals & Polymer Industry
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EVA Market Steady Amid Pre-Holiday Demand and Stable Raw Material Costs
The EVA market is expected to remain stable in the near term, with minimal price fluctuations. Raw material prices will provide cost support, and reduced production rates will keep supply balanced. However, the Spring Festival may lead to subdued demand and slower trading activity. Overall, the EVA spot market is forecasted to remain stable with narrow price fluctuations.
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Market Watch: Toluene Prices Decline as Industry Awaits Recovery (23rd-Jan-2025)
Toluene prices have slightly declined, reflecting bearish market sentiment and subdued demand in key industries like paints and coatings. While domestic production remains stable, imports continue to meet the majority of demand. Global crude oil and feedstock price fluctuations, coupled with plant turnarounds in Southeast Asia, are influencing market dynamics.
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PE Market Braces for Price Firmness Amid Supply Constraints and Rising Feedstock Costs
Polymer prices in Ahmedabad reveal stability, with HDPE, LLDPE, and MDPE rates influenced by tight supply and weak demand. Global supply constraints, including RIL’s shutdown and import disruptions, are tightening the market. Force majeure events, such as TotalEnergies' PP outage and Formosa Plastics' PVC shutdown, further impact availability.
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