ABS Prices Hold Steady Amid Rising Costs; Market Updates and Price Adjustments
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PP Raffia: ₹94.50/kg, Ex-Godown.LLDPE: ₹87/kg, Ex-Mundra/Bhiwandi. LDPE: ₹118/kg, Ex-Mundra/Bhiwandi. HD Blow Molding: ₹91/kg, Ex-Mundra/Bhiwandi. Low K (P700/TH700): ₹81.25/kg, Ex-Nhava Sheva/Mundra.
Price
- PP Raffia: ₹94.50/kg, Ex-Godown.
- PP Film: ₹100/kg, Ex-Godown.
- PP CP: ₹99.75/kg, Ex-Godown.
- PP Lamination: ₹104.25/kg, Ex-Godown.
- LLDPE: ₹87/kg, Ex-Mundra/Bhiwandi.
- LDPE: ₹118/kg, Ex-Mundra/Bhiwandi.
- HDPE PE100 natural: ₹92/kg, Ex-Mundra/Bhiwandi.
- HDPE PE100 black: ₹93/kg, Ex-Mundra/Bhiwandi.
- HDPE HM: ₹92.5/kg, Ex-Mundra/Bhiwandi.
- HD Blow Molding: ₹91/kg, Ex-Mundra/Bhiwandi.
- Low K (P700/TH700): ₹81.25/kg, Ex-Nhava Sheva/Mundra.
- LG LS100H: ₹77.25/kg, Ex-Mundra/Bhiwandi.
Demand and Supply
- In North America, ABS and PC markets are expected to be tight through Q2-2022, with high operating rates at 94% capacity and extended lead times of 18 weeks.
- Production costs have increased by 6 cpp in August, totaling a 30 cpp YTD increase. A major ABS supplier announced an 8 cpp price increase effective September 1st due to higher raw material costs, strong market demand, and increased logistics costs.
News
- Formosa Plastics Corp has shut its No.2 Ethylene Vinyl Acetate (EVA) Plant in Mailiao, Taiwan.
- Brent Crude Oil Prices: USD 77.05/bbl.
- Naphtha Prices: US$ 670/MT CFR Japan.
- Styrene Monomer Prices: US$ 1120/MT FOB Korea.
- Ethylene Prices: US$ 880/MT CFR NE Asia, US$ 940/MT CFR SE Asia.
- Propylene Prices: US$ 870/MT CFR China.
- Jiangsu Sierbang has restarted its No.1 Methyl Methacrylate (MMA) Unit in Lianyungang, China.
- Shenghong has reduced operating rates at its MEG Unit in Jiangsu, China.
Expert's Opinion
- ABS prices have remained flat for August but are expected to increase next month due to rising cash costs. No price decrease is anticipated through the end of the month.
Daily Market Report
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India PVC Markets Prepares for Price Hikes Amid Weak Buyer Activity
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.
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Asian Polyethylene Markets Face Supply Disruptions Amid Rising Freight Costs
LLDPE (±0) Rs 87.5/kg Ex Mundra/Bhiwandi, LDPE prices are around (±0) Rs 116/kg Ex Mundra/Bhiwandi, 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. Low-density polyethylene (LDPE) prices rose in Southeast Asia and South Asia while remaining flat in China.
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