Chemicals & Polymers
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Daily Report on Chemicals & Polymer Industry
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16 hours agoToluene
OPEC+ Output Decision Casts Shadow Over Toluene Price Rally
Toluene prices rose by ₹0.5/kg in India, tracking a crude oil spike. However, downstream demand remains weak, with traders cautious due to OPEC+’s planned output hike. Tight refinery margins and low bulk demand signal potential for a price correction. Short-term sentiment is bearish; buyers should monitor feedstock trends closely.
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17 hours agoPPCPPPHP
PP Market Consolidates Amid Ample Supply, Weak Demand
PP prices in Delhi remain steady, with PPCP random grades peaking at ₹1,09,000/MT. Chinese PP prices dipped 0.74% in May, reflecting stable but subdued demand. While supply remains ample with upcoming capacity additions, off-season demand and high inventories are capping price momentum. Market expected to stay in consolidation.
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1 day agoMethanol
CFR China Methanol Climbs to $260/MT; India Sees Price Correction on Iranian Cargo Impact
Indian methanol prices dropped ₹0.50/kg despite limited inventories and early-month demand. Weak downstream consumption and low-cost Iranian cargoes drove the correction. However, rising Asian benchmarks and firming crude may soon reverse the trend. Buyers are advised to stock up as demand from formaldehyde and pharma may strengthen in June.
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1 day agoPET
PET Bottle Chip Prices Witness Volatile Trend Amid Mixed Market Drivers – May 2025
Chinese PET bottle chip prices saw sharp fluctuations in May 2025, rising to ¥6,185/ton mid-month due to crude and feedstock gains, then easing to ¥6,077/ton amid supply pressure. High inventories, policy uncertainty, and weak demand kept recovery in check. A seasonal uptick may occur if beverage demand strengthens.
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4 days agoStyrene Monomer
Asian SM Rallies on Benzene Gains; Indian Copolymer Market Eyes Seasonal Recovery
Styrene Monomer prices strengthened across Asia despite weak crude trends, with Indian bulk imports priced at ₹82/kg. Domestic Styrene Copolymer markets remained subdued in April, but demand is expected to rebound from June. Upstream benzene prices firmed up, while traders anticipate steady price hikes due to seasonal demand and tighter supply.
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6 days agoHDPELDPELLDPE
Brazil May Impose ADDs on US, Canada PE; Indian Importers Eye Market Ripple
Brazil’s polyethylene (PE) market is experiencing a surge in prices and demand amid expectations of antidumping duties (ADDs) on US and Canadian imports. Domestic supply remains tight, and distributors are passing on cost increases. Gecex is set to decide on ADDs by 29 May, potentially reshaping Brazil’s import dynamics.
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7 days ago
Pyridine Market Mixed: 2-Picoline Demand Steady; 3-Picoline Weakens on Niacinamide Slowdown
The Indian Pyridine market showed a mixed trend this week. While 2-Picoline prices remained supported by seasonal agrochemical demand, 3-Picoline saw price weakness due to subdued Niacinamide consumption. Jubilant Life Sciences ramped up Niacinamide output, potentially increasing supply. Overall sentiment remains cautious, with selective downstream sectors driving demand.
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8 days agoVAM
Indian VAM Prices Dip on Sluggish Demand; Supply Set to Improve with Celanese Restart
Vinyl Acetate Monomer (VAM) prices in India declined by ₹1/kg due to weak demand from paints and adhesives sectors. While April saw tight supply, upcoming shipments and Celanese’s plant restart are expected to ease concerns. Market participants anticipate further price corrections as demand slows and importers hold off on fresh buys.
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8 days agoPET
PET Chip Market Faces Bearish Pressure Amid Cost Weakness and Oversupply Concerns
Wankai PET prices stable across Indian ports despite weak cost fundamentals. Industry margins decline to -44 USD/ton due to low raw material prices and high polymerization costs. China's aggressive PET production and oversupply continue to suppress Asian market prices. Jindal Films fire disrupts BOPP supply, triggering sharp price hikes and market panic.
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HDPE Price Trends & Forecast | Monthly, Quarterly, Yearly Data (2024–2025)
Published on: May 19, 2025
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Published on: Dec 7, 2024
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