LLDPE Film Market Steady Amid Balanced Demand and Anticipated Price Updates
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252FPolymer_2_a7d6721e5b.png&w=1920&q=100)
HMEL offers a range of polymer products in Ahmedabad, including 2 MFI Non-Slip at INR 89,190 per MT, Extrusion Coating at INR 98,760 per MT, 1 MFI Slip at INR 88,870 per MT, and Roto Moulding at INR 96,590 per MT.
LLDPE Prices
- 2 MFI NON SLIP (Grade: F0218L) is priced at INR 89,190 per MT.
- EXTRUSION COATING (Grade: E0725L) is priced at INR 98,760 per MT
- 1 MFI SLIP (Grade: F0120L) is priced at INR 88,870 per MT
- ROTO MOULDING (Grade: R0536L) is priced at INR 96,590 per MT.
LLDPE Demand and Supply
- The LLDPE film industry is currently balancing demand without any inventory pressure. There is significant anticipation for updates on virgin prices in the new year.
- The industry is effectively managing market conditions, with no inventory pressure leading to a stable flow of products. Overall stock levels are balanced, and sales inventory is moving smoothly.
- Major companies are currently offering discount schemes, with highly anticipated updates expected on January 1, 2025.
Polymer News
- Zhejiang Xingxing New Energy has shut its MTO Plant for maintenance. The plant is located in Zhejiang, China.
- A Saudi Arabian producer offered its HDPE Film at US$960/MT, LDPE Film at US$1175/MT, LDPE Lamination at US$1290/MT, and LLDPE Film at US$1010/MT, CIF Vietnam, for January 2025 shipment.
- Supreme Petrochemicals increased GPPS and HIPS prices by ₹1000/MT, effective December 30, 2024.
- HMEL declared the Reserve Incentive (RI) Scheme amounts for HDPE and LLDPE for December 2024 as follows:
1. 75% (RI1) = ₹500/MT
2. 100% (RI2) = ₹1000/MT
3. 125% (RI3) = ₹1500/MT
Expert Opinion
The supply chain dynamics, increased domestic production, crude oil price fluctuations, government policies, and environmental considerations all contribute to market trends. The market demand for polymer products in India and resulting price fluctuations are outcomes of a complex interplay of economic conditions.
Daily Market Report
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252FPolymer_4_304c6bfdc2.png&w=3840&q=75)
PET Gains Momentum, Pressures HDPE and PVC Markets
Polymer prices remained largely stable, with slight fluctuations in select grades like HDPE PE100 Natural (-₹2/kg) and LLDPE (+₹0.5/kg). Demand for HDPE blow and PVC is declining as PET gains market share. Virgin polymer markets see routine orders but below expected levels. Global trends include price hikes and plant maintenance updates.
Read Story
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252FPolymer_425b662378.png&w=3840&q=75)
Imported PVC Market Weakens Amid Persistent Decline
PVC prices declined across most grades due to high operating rates, ample supply, and weak downstream demand. Declining crude oil and calcium carbide prices reduced cost support for production. Analysts anticipate continued bearish trends in the PVC market, with excess inventory and sluggish trading activity dominating the near-term outlook.
Read Story
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252Flldpe1_5d71e3813a.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252FPVCK_67_Compounded_Ready_Material_1e8a2459cc.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252FHDPEPE_100_Ready_Material_e3a92491ae.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252FPPHP_Films_Ready_Material_10d55911b7.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252FPET_81_84_Ready_Material_9021c2cdf4.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fd3dhalnpawfxbg.cloudfront.net%252Fproduction%252Fnexizo%252Fnexizo.ai%252F_next%252Fassets%252Fbg-png-msite.png&w=3840&q=30)
%2Fhttps%253A%252F%252Fd3dhalnpawfxbg.cloudfront.net%252Fproduction%252Fnexizo%252Fnexizo.ai%252F_next%252Fassets%252Fved.png&w=128&q=75)