Chemicals & Polymers

In the domestic market, VAM prices have witnessed a ₹2/kg increase, now quoted at ₹68/kg ex-Kandla for direct consumers on 60-day payment terms. Importers offer slightly higher rates to traders at ₹68.50/kg ex-Kandla under similar 60-day credit conditions.

HDPE PE100 Natural (±0) Rs. 90/kg Ex Mundra/Bhiwandi. HDPE PE100 Black (±0) Rs. 91/kg Ex Mundra/Bhiwandi. HDPE HM (±0) Rs. 90/kg Ex Mundra/Bhiwandi. HD Blow Molding (±0) Rs. 91/kg Ex Mundra/Bhiwandi.

LDPE (±0) Rs 116/kg Ex Mundra/Bhiwandi, HDPE PE100 Natural (±0) Rs 90/kg Ex Mundra/Bhiwandi. In September, the PE market experienced mixed performance, with high-pressure products showing strength while linear and low-pressure products underperformed.

The domestic prices for Phenol, Acetone, and IPA have seen a sharp increase following the announcement of a planned maintenance shutdown at Deepak Phenolics' plant, which is scheduled to take place from 10th to 25th October 2024. Currently, import offers for Phenol have risen to ₹105/kg (Ex-Kandla), marking a ₹2/kg increase on an advance payment basis. Acetone prices have also climbed by ₹2/kg, now priced at ₹83/kg (Ex-Mumbai) and ₹82.50/kg (Ex-Kandla) under similar payment terms.

PP Raffia (±0) Rs92.50/kg levels Ex Godown, PP film (±0) Rs101/kg levels Ex Godown, PPCP (±0) Rs99.50/kg levels Ex Godown, PP Lamination (±0) Rs104/kg levels Ex Godown. Polypropylene prices gained in Far East Asia and Southeast Asia, while they remained steady in South Asia.

PP Raffia (±0) Rs. 92.50/kg levels Ex Godown, PP Film (±0) Rs. 101/kg levels Ex Godown, PPCP (±0) Rs. 99.50/kg levels Ex Godown, PP Lamination (±0) Rs. 104/kg levels Ex Godown.

In the domestic market, Methyl Amines prices have decreased by ₹1/kg, despite an uptick in feedstock methanol prices. Current offers for Mono Methyl Amine (MMA) 40% stand at ₹52++/kg, Di Methyl Amine (DMA) at ₹59++/kg, on advance payment terms. Several traders observed that domestic manufacturers like Balaji Amines and Alkyl Amines offered more competitive prices compared to imports, making them a preferred choice for buyers.

Today, GNFC, a domestic manufacturer, reduced Aniline prices by INR 4/kg to INR 145++ for tanker load, while barrel pack prices were at INR 158++ ex-Bharuch on advance payment terms. Importer and trader offers were lower, at INR 140++ ex-Mumbai and Kandla.

Low K (P700) prices are at Rs.83.75/kg and Low K (B57) at Rs.87.75/kg, both Ex Nhava Sheva/Mundra, while LG LS100H is priced at Rs.76.75/kg Ex Mundra/Bhiwandi. PVC prices saw an increase in October due to improved market sentiment in both Asia and the US, signaling a potential rise in demand.