Polymers Price Stability Amid Tight European LDPE Supply and Planned Plant Shutdowns
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LLDPE (±0): Rs 88.5/kg Ex Mundra/Bhiwandi. LDPE (±0): Rs 116/kg Ex Mundra/Bhiwandi. HDPE PE100 Natural (±0): Rs 92/kg Ex Mundra/Bhiwandi. HDPE PE100 Black (±0): Rs 92.5/kg Ex Mundra/Bhiwandi. HDPE HM (±0): Rs 93/kg Ex Mundra/Bhiwandi. HD Blow Molding (±0): Rs 91/kg Ex Mundra/Bhiwandi.
Polymer Prices
- PP Raffia (±0): Rs 94/kg Ex Godown
- PP Film (±0): Rs 100.50/kg Ex Godown
- PPCP (±0): Rs 100.25/kg Ex Godown
- PP Lamination (±0): Rs 105/kg Ex Godown
- LLDPE (±0): Rs 88.5/kg Ex Mundra/Bhiwandi
- LDPE (±0): Rs 116/kg Ex Mundra/Bhiwandi
- HDPE PE100 Natural (±0): Rs 92/kg Ex Mundra/Bhiwandi
- HDPE PE100 Black (±0): Rs 92.5/kg Ex Mundra/Bhiwandi
- HDPE HM (±0): Rs 93/kg Ex Mundra/Bhiwandi
- HD Blow Molding (±0): Rs 91/kg Ex Mundra/Bhiwandi
- Low K (P700/TH700) (+0.25): Rs 85.00 Ex Nhava Sheva/Mundra
- LG LS100H (+0.50): Rs 77.00 Ex Mundra/Bhiwandi
Polymer Demand and Supply
- LDPE spot prices climbed in the European region. The LDPE market in Europe continued to grapple with a tight supply situation due to reduced output levels and limited imports.
- Even though the ethylene contract price registered a decline earlier this month, prices have remained firm due to the tight supply of LDPE grades, which offset the potential price impact of lower-cost feedstock.
Polymer News
- Dow has restarted its Chlor-Alkali Plant located in Stade, Germany, with a caustic soda production capacity of 1.818 million dry MT/year and a chlorine capacity of 1.585 million tons/year.
- Shanxi Ruiheng plans to shut down its Polyvinyl Chloride (PVC) Plant for maintenance on 9th September 2024, for about one week. The plant is located in Shanxi, China.
- Nghi Son Refinery & Petrochemical (NSRP) plans to restart its Paraxylene (PX) Unit in mid-September 2024 after maintenance. The unit is located in Nghi Son, Vietnam.
- Tosoh Corporation plans to shut its Polyvinyl Chloride (PVC) Plant for maintenance in September 2024. The plant is located in Osaka, Japan.
Expert Opinion
It is expected that trading activity will remain subdued as most players have yet to return from their summer break. Converters are anticipated to adopt a wait-and-watch approach while monitoring the market’s response to the decline in upstream ethylene prices. Additionally, elevated freight costs from Asia and reduced material supplies from the US are likely to continue decreasing imports into Europe.
Daily Market Report
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