Indian Polymer Market Mixed: PET, PVC Up; PE, PP Soft

Indian polymer markets showed mixed trends in September 2025. PET and PVC prices rose on strong packaging and construction demand, while PE and PP weakened due to subdued consumption in packaging, automotive, and textiles. Crude oil volatility remains a key factor shaping short-term price movement across polymer grades.

Key Highlights

  • PET resin gained ₹4.3/kg on strong packaging and beverage demand.
  • PVC rose ₹1.7/kg, supported by construction and healthcare sectors.
  • PE (-₹1.5/kg) and PP (-₹1.2/kg) weakened on poor downstream consumption. 
  • Crude oil and feedstock volatility remain decisive cost drivers.

At the start of September 2025, Indian polymer prices showed mixed trends:

  • PET Resin surged by ₹4.3/kg (~$0.049/kg), supported by robust demand from the packaging and beverage sectors.
  • PVC (K67) rose modestly by ₹1.7/kg amid steady construction and infrastructure demand.
  • Polyethylene (PE) slipped by ₹1.5/kg, affected by soft packaging and consumer goods consumption.
  • Polypropylene (PP) dropped ₹1.2/kg, pressured by reduced buying from automotive and textile sectors and inventory management by processors.

Demand Drivers: Packaging & Construction vs. Weak Automotives & Textiles

  • PET Resin: Strong demand from bottled water, soft drinks, and food packaging is maintaining upward price momentum. Seasonal uptick in bottling activity supports the market.
  • PVC: Stable demand from construction, electrical, and healthcare applications continues to underpin prices. 
  • PE & PP: Weak demand from downstream sectors such as packaging films, automotive, and textiles is keeping prices under pressure. Supply remains steady, but subdued buying limits market movement.
  • Mixed trends in polymers reflect the divergent end-use consumption patterns. 
  • PET and PVC remain resilient due to steady or seasonal demand, while PE and PP are softer amid slower industrial and consumer activity. 
  • Crude oil and feedstock prices continue to serve as key cost drivers and closely influence price volatility across all polymer grades.

Short-Term Outlook: PET & PVC Firm, PE & PP Under Pressure

  • Short-term outlook: PET and PVC are likely to maintain strength, supported by robust downstream demand and seasonal activity.
  • PE and PP may continue to face pressure until automotive, textile, and packaging sectors show renewed buying interest.
  • Price trajectory will remain sensitive to fluctuations in crude oil and feedstock values, with any significant changes potentially impacting market dynamics across all polymer segments.
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