Price Stabilization Expected in February, Need-Based Purchasing Recommended
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In Chennai, PPHP raffia grade is priced at ₹98,000/ton, while in Mundra, injection molding (IM) grade is available at ₹99,000/ton. Rajkot reports lamination grade at ₹101,000/ton. In Ahmedabad, raffia grade is listed at ₹89,750 per metric ton, and in Daman, IM grade is priced at ₹99,000/ton.
Polymer Price
- In Chennai, PPHP raffia grade is priced at ₹98,000/ton, while in Mundra, injection molding (IM) grade is available at ₹99,000/ton.
- Rajkot reports lamination grade at ₹101,000/ton. In Ahmedabad, raffia grade is listed at ₹89,750 per metric ton, and in Daman, IM grade is priced at ₹99,000/ton.
- Bhiwandi offers raffia grade at ₹97,500 per metric ton, and Rajkot lists IM grade at ₹98,500 per metric ton. Ahmedabad also has raffia grade at ₹98,500 per metric ton.
- In Mundra, TQ film grade is priced at ₹101,000 per metric ton, and Daman lists raffia grade at ₹98,500 per metric ton.
Polymer Demand and Supply
- In December, the polymer market experienced robust activity, leading to significant inventory accumulation across various sectors.
- This momentum carried into January, with a notable price increase of ₹5-10/kg observed in the open markets for both Polypropylene (PP) and Polyethylene (PE).
- However, current assessments indicate that processor-level inventories are slightly elevated. This surplus suggests a potential deceleration in demand as processors may prioritize utilizing existing stocks over new purchases.
Polymer News
- NATPET is planning to restart its Polypropylene (PP) Plant on 17th February, 2025 after planned maintenance work. The Plant is located in Yanbu, Saudi Arabia with a production capacity of 400,000 Tons/Year.
- Hanbang Petrochemical is planning to restart its No.2 PTA Plant. The Plant is located in Jiangyin, China with a production capacity of 2.2 Million Tons/Year.
- Dairen Chemical Corp is planning to shut its Vinyl Acetate Monomer (VAM) Unit in February, 2025 for maintenance work. The Unit is located in Jurong Island, Singapore with a production capacity of 350,000 Tons/Year.
Market Opinion
- Given the recent price surges, historical trends suggest that the market may enter a stabilization phase over the next two to three months. Consequently, February could witness a tempered pace in trading activities, especially if current price levels persist.
- In light of these conditions, it would be prudent for stakeholders to adopt a need-based purchasing strategy in February, aligning procurement closely with actual demand to mitigate potential risks associated with price volatility and inventory costs.
Daily Market Report
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