LLDPE Prices Firm Amid Supply Constraints; PVC Prices Stable in Key Markets
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PP Raffia prices remain steady at ₹94.50/kg ex-Godown, while PP Film is also stable at ₹100/kg ex-Godown. PP CP is priced at ₹99.75/kg, and PP Lamination at ₹104.25/kg, both ex-Godown. LLDPE prices hold firm at ₹87/kg ex Mundra/Bhiwandi. However, LDPE prices have decreased by ₹2, now at ₹118/kg ex Mundra/Bhiwandi.
Price
- PP Raffia: ₹94.50/kg (±0), Ex-Godown.
- PP Film: ₹100/kg (±0), Ex-Godown.
- PP CP: ₹99.75/kg (±0), Ex-Godown.
- PP Lamination: ₹104.25/kg (±0), Ex-Godown.
- LLDPE (±0) ₹87/kg Ex Mundra/Bhiwandi.
- LDPE prices are around (-2) ₹118kg Ex Mundra/Bhiwandi.
- HDPE PE100 natural (-0.5) ₹92/kg Ex Mundra/Bhiwandi.
- HDPE PE100 black (-0.5) ₹93/kg Ex Mundra/Bhiwandi.
- HDPE HM (-0.5) ₹91.5/kg Ex Mundra/Bhiwandi.
- HD Blow Molding (-2) ₹92/kg Ex Mundra/Bhiwandi.
- Low K (P700/TH700): ₹81.25/kg (+1), Ex-Nhava Sheva/Mundra.
- LG LS100H: ₹77.25/kg (+1), Ex-Mundra/Bhiwandi.
Demand and Supply
- LLDPE spot prices have firmed in the European region. Despite trading activity slowing down due to the ongoing seasonal summer lull, with most market participants staying away from business activities, prices have increased due to supply constraints.
- Current pricing trends are primarily being driven by supply-side factors, as Europe is experiencing reduced import shipment inflows.
News
- Ineos Grangemouth plans to shut its Polypropylene (PP) Unit on 17th August 2024 for around 8 weeks of maintenance. The unit is located in Grangemouth, UK.
- Supreme Petrochemicals has rolled over GPPS and HIPS prices effective 17th August 2024.
- PVC prices in Europe remained stable at €840/MT FD NWE basis.
- PVC prices in the USA remained stable at $730/MT FAS Houston basis.
Expert's Opinion
- Market observers anticipate a fall in import volumes towards the end of September. A few August price settlements have been heard over the past week in the contractual market, suggesting that larger price movements might be deferred until the end of the seasonal lull.
Daily Market Report
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