Asian Polyethylene Markets Face Supply Disruptions Amid Rising Freight Costs
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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.
Polymer Price
- PP Raffia (±0) Rs 93/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 105/kg levels Ex Godown
- 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 K (P700) Rs 83.75 Ex Nhava Sheva/Mundra
- Low K (B57) Rs 87.75 Ex Nhava Sheva/Mundra
- LG LS100H Rs 77 Ex Mundra/Bhiwandi
Polymer Demand and Supply
- Low-density polyethylene (LDPE) prices rose in Southeast Asia and South Asia, while remaining flat in China. This increase in price indicates a surge in demand or a supply shortage.
- Delayed shipments stemming from a lack of container availability and firmer import offers from overseas suppliers further pulled prices of polymer higher in the region.
Polymer News
- Jinan Refinery is planning to shut its Polypropylene (PP) unit on 7th October 2024 for planned maintenance work until early December 2024. The unit is located in China.
- CPC Corp has shut its No. 3 Butadiene (BD) unit on 3rd October 2024. The unit is located in Lin Yuan, Taiwan.
- Naphtha prices assessed stable at US$ 700 per MT CFR Japan basis.
- Styrene monomer prices assessed stable at US$ 1100 per MT FOB Korea basis.
- Ethylene prices assessed stable at US$ 820 per MT CFR NE Asia and US$ 945 per MT CFR SE Asia basis.
Expert Opinion
Upstream energy prices continue to remain on the higher side. Continually surging ocean freight rates have prompted Asian producers to raise their offer levels, even as buyers are unwilling to buy polymer at the quoted levels, mirroring weak end-product demand.
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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Steady Production and High Inventory Weigh on PVC Market Recovery
Low K (P700) Rs 83.75 Ex Nhava Sheva/Mundra. Low K (B57) Rs 87.75 Ex Nhava Sheva/Mundra. LG LS100H Rs 77 Ex Mundra/Bhiwandi. The PVC market is currently facing a supply-demand imbalance in the Asian subcontinent. In China, production rates have increased, with the overall operating rate of PVC production enterprises rising by 0.78% month-on-month and 1.99% year-on-year to 79.32%.
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