Polycarbonate Market Steady Amid Slower Trading Momentum; PVC and Polystyrene Prices Decline
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Polymer prices remain steady, with stable demand in the polycarbonate sector, notably in Asia-Pacific’s automotive and electronics industries. Expert sentiment points to cautious trading and moderated growth due to slow demand as buyers adopt careful purchasing strategies.
Key Takeaways:
- Polymer prices across segments, including PP and HDPE, remain stable with minor adjustments.
- Global polycarbonate market demand is strong, especially in Asia-Pacific, driven by automotive and electronics sectors.
- Notable plant shutdowns for maintenance and strikes in Europe and China affect specific polymer supplies.
- Expert analysis suggests moderated growth, with buyers adopting cautious, need-based purchasing amid sluggish spot trading momentum.
Current Polymer Prices Across Key Segments
- PP Raffia: Rs. 91/kg, Ex Godown (±0)
- PP Film: Rs. 100/kg, Ex Godown (±0)
- PPCP: Rs. 99/kg, Ex Godown (±0)
- PP Lamination: Rs. 101/kg, Ex Godown (±0)
- LLDPE: Rs. 85.5/kg, Ex Mundra/Bhiwandi (±0)
- LDPE: Rs. 116/kg, Ex Mundra/Bhiwandi (±0)
- HDPE PE100 Natural: Rs. 89/kg, Ex Mundra/Bhiwandi (±0)
- HDPE PE100 Black: Rs. 90/kg, Ex Mundra/Bhiwandi (±0)
- HDPE HM: Rs. 90/kg, Ex Mundra/Bhiwandi (±0)
- HD Blow Molding: Rs. 91/kg, Ex Mundra/Bhiwandi (±0)
- Low K (DG700): Rs. 79.5/kg, Ex Nhava Sheva/Mundra
- Low K (B57): Rs. 84.5/kg, Ex Nhava Sheva/Mundra
- LG LS100H: Rs. 76.25/kg, Ex Mundra/Bhiwandi
Polymer Demand and Supply Trends
- The global polycarbonate market is projected to reach USD 31 billion by 2032, growing at a CAGR of 6.3% from 2023 to 2032. In 2023, demand for polycarbonate was around 5498.5 kilotons, spurred by high demand in end-user sectors such as automotive, electronics, and construction within the Asia-Pacific region.
- Asia-Pacific: Dominates the polycarbonate market with strong demand from China, India, and other emerging economies.
- North America: Accounts for approximately 14% of the global market.
- China: Significant capacity additions are expected, potentially doubling installed capacity by 2032.
Latest Polymer Market News
- Vencorex has shut its Chlor-alkali plant in Pont-de-Claix, France, due to a strike.
- Zhejiang Petroleum & Chemical (ZPC) has closed its No.1 Styrene Monomer (SM) Plant for maintenance in Zhejiang, China.
- Chemplast reduced PVC Paste resin prices by Rs. 5,000/MT, effective October 28, 2024.
- Supreme Petro decreased Polystyrene prices by Rs. 1,000/MT.
- Polymer News: ZPC also closed its No.3 Styrene Monomer Plant in Zhejiang, China, for maintenance.
Expert Opinion on Polymer Market Outlook
The global polycarbonate market is set for moderate growth; however, spot trading momentum has slowed, indicating weak demand sentiment as buyers focus on need-based purchases while preparing for the upcoming month.
Daily Market Report
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