Mixed Signals in Polymer Markets Amid Inflation and Rising Costs
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Polymer prices showed stability across several categories, with slight declines in select segments like LLDPE. Demand in Asia remains mixed, with rising production costs and soft consumer demand.
Key Highlights
- Slight price movement: Polymer prices vary slightly with some minor fluctuations across polypropylene, HDPE, and LDPE products.
- Inflation impacts Indian demand: Propylene and ethylene prices increased in the U.S. and Europe, inflation is expected to impact polymers demand in India.
- Industry developments: Major brands annoucned brand expansions and price adjustments.
- Overall market outlook: A bearish trend in polymer prices is expected based on the existing supply and demand trends.
Polymer Price Updates for Different Products
- PP Raffia Rs 92/kg levels Ex Godown
- PP Film Rs 100/kg levels Ex Godown
- PPCP Rs 99/kg levels Ex Godown
- PP Lamination Rs 102/kg levels Ex Godown
- LLDPE (-1) Rs 86.5/kg Ex Mundra/Bhiwandi
- LDPE Rs 116/kg Ex Mundra/Bhiwandi
- HDPE PE100 Natural Rs 90/kg Ex Mundra/Bhiwandi
- HDPE PE100 Black Rs 91/kg Ex Mundra/Bhiwandi
- HDPE HM Rs 90/kg Ex Mundra/Bhiwandi
- HD Blow Molding Rs 91/kg Ex Mundra/Bhiwandi
- Low K (P700) Rs 82 Ex Nhava Sheva/Mundra
- Low K (B57) Rs 86.5 Ex Nhava Sheva/Mundra
- LG LS100H Rs 77.25 Ex Mundra/Bhiwandi
Global Polymer Demand and Supply Trends
- Polymer-grade propylene prices have risen in the U.S., while ethylene prices increased in Europe.
- India's CPI hit a nine-month high of 5.49% in September, driven by high food prices, which may dampen demand for engineering polymers.
- Asia's engineering polymers market is seeing mixed trends, with rising production costs but subdued demand.
Polymer News: Key Highlights on Price and Production
- Zhejiang Petroleum & Chemical (ZPC) will shut its No.2 Polypropylene Unit for maintenance in Zhoushan, Zhejiang, China.
- ExxonMobil introduced a new brand, Signature Polymers, to foster collaboration and streamline product selection across the value chain.
- JPFL (Jindal) Films Pvt Ltd reduced BOPP (TT) prices by Rs 6,000/MT and (NTT) prices by Rs 8,000/MT, effective 16th October 2024.
- Enterprise Products reported a process issue at its No.1 Propane Dehydrogenation (PDH) Plant in Mont Belvieu, Texas.
- Naphtha prices were assessed lower at $670/MT CFR Japan.
Expert Opinion on Polymer Market Trends
Tepid demand and sufficient supplies are expected to maintain a bearish trend in prices across the polymer market.
Daily Market Report
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