India Extends BIS Norms for Cement Sacks Amid Rising PP Demand

PPCP

17 Sept 20242 Min ReadDaily Market Report

PP Raffia (±0) Rs 93.75/kg levels Ex Godown. PP Film (±0) Rs 100.50/kg levels Ex Godown. PPCP (-0.50) Rs 99.75/kg levels Ex Godown. PP Lamination (±0) Rs 105/kg levels Ex Godown. India has extended the mandatory implementation of the Bureau of Indian Standards (BIS) quality norms for plastic woven sacks for packaging 50 kg of cement by six months.

Polymer Price

PP Raffia (±0) Rs 93.75/kg levels Ex Godown
PP Film (±0) Rs 100.50/kg levels Ex Godown
PPCP (-0.50) Rs 99.75/kg levels Ex Godown
PP Lamination (±0) Rs 105/kg levels Ex Godown
LLDPE (±0) Rs 87.50/kg Ex Mundra/Bhiwandi
LDPE prices are around (±0) Rs 116/kg Ex Mundra/Bhiwandi
HDPE PE100 natural (±0) Rs 92/kg Ex Mundra/Bhiwandi
HDPE PE100 black (±0) Rs 92.50/kg Ex Mundra/Bhiwandi
HDPE HM (±0) Rs 92/kg Ex Mundra/Bhiwandi
HD Blow Molding (±0) Rs 91/kg Ex Mundra/Bhiwandi
Low K (P700/TH700) (+0.25) Rs 85.50 Ex Nhava Sheva/Mundra
LG LS100H (+0) Rs 77.00 Ex Mundra/Bhiwandi

Polymer Demand and Supply

India has extended the mandatory implementation of the Bureau of Indian Standards (BIS) quality norms for plastic woven sacks used for packaging 50 kg of cement by six months. This extension brings significant relief to cement manufacturers and the entire packaging value chain. These stakeholders had previously urged the government to extend the deadline due to the unavailability of quality bags for cement packaging.
According to industry sources, India’s demand for PP reached 6.6 million tonnes during the financial year 2023-24, marking a 6 per cent rise from the 6.1 million tonnes reported in the preceding fiscal year. PP accounted for more than 37 per cent of the overall polymer demand in India during the financial year 2022-23. In the January-March 2023 quarter, India’s PP demand was approximated at 1.9 million tonnes, compared to the 1.7 million tonnes recorded in the same period of the preceding year.
PP consumption in India has been steadily ascending in recent years, driven by its extensive range of applications. The Indian plastic industry projects the country’s PP demand to escalate by 5.4 per cent in the financial year 2023-24, following a 6 per cent upsurge reported in the financial year 2022-23. PP finds extensive use across various industries, with approximately 40 per cent dedicated to packaging and a cumulative 29 per cent utilized in consumer and institutional applications.

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Expert Opinion

The polymer capacity expansions might prove insufficient to meet India’s accelerating demand across existing and emerging applications. The projection indicates that India’s PP demand will continue its growth trajectory, thereby offering a promising prospect for global exporters.