Falling Oil Prices May Ease PP Production Costs in 2025
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Polymer prices remained largely stable in November, with minor increases in LLDPE and Low K grades, reflecting stable demand and moderate market activity. Polymer demand from the automotive sector remains a positive influence on PP pricing.
Key Takeaways:
- PP and HDPE prices remain stable, with slight increases in LLDPE and Low K (B57).
- Planned maintenance at key Asian LDPE and PP plants could tighten polymers supply.
- Continued strong demand from automotive and downstream sectors may stabilize PP prices.
Polymer Price: Current Polymer Prices Across Key Grades
- PP Raffia (±0)Rs91/kg levels Ex Godown
- PP film (±0) Rs.100 kg levels Ex Godown
- PPCP (±0) Rs.99/kg levels Ex Godown
- PP Lamination(±0) 101 /kg levels Ex Godown
- LLDPE(+0.5) Rs.87/kg Ex Mundra/Bhiwandi
- LDPE prices are around(±0) Rs.116kg Ex Mundra/Bhiwandi
- HDPE PE100 natural (±0) Rs.89/kg Ex Mundra/Bhiwandi
- HDPE PE100 black (±0) Rs.90/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 (DG700) Rs 80.50 Ex Nhava Sheva/Mundra
- Low K (B57) Rs 86 Ex Nhava Sheva/Mundra
- LG LS100H Rs 79 Ex Mundra/Bhiwandi
Demand, Supply and Maintenance Updates for Polymer Plants
- The supply and demand for Polypropylene (PP) in November 2024 isn't explicitly stated in the search results. However, we can look at the broader trends in the energy and commodities markets.
- The Brent crude oil spot price is expected to average $78 per barrel in 2025, down from $81 per barrel in 2024 ¹. This decrease in oil prices could potentially impact the demand for PP, as lower oil prices often lead to lower production costs for plastics.
Polymer News: Impact of Oil Prices on Polymer Market Dynamics
- Sinopec Shanghai Petrochemical is planning to shut its No.1 and No.2 Low Density Polyethylene (LDPE) Lines on 11th November, 2024 for maintenance work. The Lines are located in Shanghai, China.
- Sinopec Zhongyuan Petrochemical has shut its No.1 Polypropylene (PP) Line for maintenance work. The Line located in Puyang, Henan, China.
- Lotte Chemical has reduced operating rates at its two Polycarbonate (PC) Plants to 85% of the actual capacity in the fourth quarter of 2024. The Plants are located in Yeosu, South Korea.
- Henan Kaixiang has restarted its BDO Plant. The Plant is located in China.
Expert Opinion: Price Stability in Polymer Markets
It is expected that robust demand from downstream industries, especially the automotive sector, will play a pivotal role in driving up PP prices.
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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