PVC, CPVC Prices Shows Mixed Trends as September's Last Week Approaches
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The current pricing for Low K (P700/TH700/B57) is Rs. 85.50 per kg, available at Ex Nhava Sheva/Mundra. Additionally, LG LS100H is priced at Rs. 75.75 per kg, also available at Ex Mundra/Bhiwandi. Moreover, Shandong Gaoxin CPVC K57 and K67 are listed at Rs. 1,34,000 per metric ton in Mundra.
Polymer Price
- PP Raffia (±0) Rs. 92.50/kg levels Ex Godown
- PP Film (±0) Rs. 100/kg levels Ex Godown
- PPCP (±0) Rs. 98.25/kg levels Ex Godown
- PP Lamination (±0) Rs. 104/kg levels Ex Godown
- LLDPE (±0) Rs. 86.5/kg Ex Mundra/Bhiwandi
- LDPE prices are around (±0) Rs. 116/kg Ex Mundra/Bhiwandi
- HDPE PE100 Natural (±0) Rs. 91.5/kg Ex Mundra/Bhiwandi
- HDPE PE100 Black (±0) Rs. 92/kg Ex Mundra/Bhiwandi
- HDPE HM (±0) Rs. 91/kg Ex Mundra/Bhiwandi
- HD Blow Molding (±0) Rs. 91/kg Ex Mundra/Bhiwandi
- Low K (P700/TH700/B57) Rs. 85.50 Ex Nhava Sheva/Mundra
- LG LS100H Rs. 75.75 Ex Mundra/Bhiwandi
Polymer Demand and Supply
- This week, PVC prices in Asia showed mixed trends. The US Federal Reserve is expected to keep lowering interest rates, which could make borrowing cheaper and boost demand for commodities like crude oil.
- Additionally, rising crude oil prices are likely due to increasing tensions in the Middle East, which might disrupt oil supplies, and the expected increase in hurricane activity in the U.S. Gulf Coast.
Polymer News
- Dairen Chemical has extended maintenance work at its No. 2 Vinyl Acetate Monomer (VAM) unit. The unit is located in Mai Liao, Taiwan.
- Zhejiang Petroleum & Chemical (ZPC) has restarted one line of its No. 1 Methyl Methacrylate (MMA) unit after maintenance work. The unit is located in Zhejiang, China.
- LG Chem from Korea offered its PVC at US$ 800/MT, CIF Nhava Sheva/Chennai/Mundra port on LC at sight basis for October 2024 shipment.
Expert Opinion
Market participants remained focused on the persistently weak demand of PVC prevailing across the downstream sector during the month. Meanwhile, PVC buyers were making need-based purchases amid a soft market outlook, with crude prices trending lower over the last week.
Daily Market Report
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Asian Polyethylene Markets Face Supply Disruptions Amid Rising Freight Costs
LLDPE (±0) Rs 87.5/kg Ex Mundra/Bhiwandi, LDPE prices are around (±0) Rs 116/kg Ex Mundra/Bhiwandi, HDPE PE100 natural (±0) Rs 90/kg Ex Mundra/Bhiwandi, HDPE PE100 black (±0) Rs 91/kg Ex Mundra/Bhiwandi, HDPE HM (±0) Rs 90/kg Ex Mundra/Bhiwandi, HD Blow Molding (±0) Rs 91/kg Ex Mundra/Bhiwandi. Low-density polyethylene (LDPE) prices rose in Southeast Asia and South Asia while remaining flat in China.
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Steady Production and High Inventory Weigh on PVC Market Recovery
Low K (P700) Rs 83.75 Ex Nhava Sheva/Mundra. Low K (B57) Rs 87.75 Ex Nhava Sheva/Mundra. LG LS100H Rs 77 Ex Mundra/Bhiwandi. The PVC market is currently facing a supply-demand imbalance in the Asian subcontinent. In China, production rates have increased, with the overall operating rate of PVC production enterprises rising by 0.78% month-on-month and 1.99% year-on-year to 79.32%.
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