Asian PE Market Sees Mixed Trends Amid Loose Supply, Uneven Demand
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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.
Polymer Price
- 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 (-1) Rs 103/kg levels Ex Godown
- LLDPE (±0) Rs 87.5/kg Ex Mundra/Bhiwandi
- LDPE (±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 K (P700) Rs 82.50/kg Ex Nhava Sheva/Mundra
- Low K (B57) Rs 86.50/kg Ex Nhava Sheva/Mundra
- LG LS100H Rs 77/kg Ex Mundra/Bhiwandi
Polymer Demand and Supply
- In September, the PE market experienced mixed performance, with high-pressure products showing strength while linear and low-pressure products underperformed.
- On the supply side, inventory levels were higher compared to the same period last year, indicating loose supply conditions.
- Despite September being a peak season for demand, overall demand remained below historical levels, even as operating rates increased.
- Positive macroeconomic policies helped boost market sentiment, providing some support to the PE market.
- Looking ahead to October, demand for agricultural film and pipes is expected to rise, marking the peak season for these segments. However, PE is likely to face weak fluctuations as demand remains uneven.
Polymer News
- LCY Elastomers is experiencing production issues at its Styrene Butadiene Rubber (SBR) Plant due to softening BD demand. The plant is located in Baytown, Texas, USA.
- Jiangsu Ruiheng New Material Technology shut its PDH Plant on 9th October 2024 for maintenance. The plant is located in Lianyungang, Jiangsu, China.
- Brent crude oil prices traded higher at USD 79.17/bbl.
- Naphtha prices were assessed higher at US$ 710/MT CFR Japan basis.
Expert Opinion
In India, the purchasing sentiment remained weak as most buyers stayed on the sidelines. Import offers were limited, leading buyers to secure their requirements from local sources. Domestic producers are expected to hike prices in the coming days.
Daily Market Report
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