PVC Market Weakens Amid Rising Costs, Sluggish Demand, and Limited Imports
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Low K (P700) is Rs 82/kg Ex Nhava Sheva/Mundra, Low K (B57) is Rs 86.5/kg Ex Nhava Sheva/Mundra, and LG LS100H is Rs 77.25/kg Ex Mundra/Bhiwandi. Regarding regional trends, Asia's PVC market is experiencing mixed prospects due to rising costs amidst sluggish demand.
Polymer Price
- PP Raffia (-0.50) is at Rs 92/kg levels Ex Godown
- PP Film (-1) is at Rs 100/kg levels Ex Godown
- PPCP (-0.50) is at Rs 99/kg levels Ex Godown
- PP Lamination (-1) is at Rs 102/kg levels Ex Godown
- LLDPE (-1) is at Rs 86.5/kg Ex Mundra/Bhiwandi
- LDPE prices are around (±0) Rs 116/kg Ex Mundra/Bhiwandi
- HDPE PE100 natural (±0) is at Rs 90/kg Ex Mundra/Bhiwandi
- HDPE PE100 black (±0) is at Rs 91/kg Ex Mundra/Bhiwandi
- HDPE HM (±0) is at Rs 90/kg Ex Mundra/Bhiwandi
- HD Blow Molding (±0) is at Rs 91/kg Ex Mundra/Bhiwandi
- Low K (P700) is at Rs 82.00 Ex Nhava Sheva/Mundra
- Low K (B57) is at Rs 86.50 Ex Nhava Sheva/Mundra
- LG LS100H is at Rs 77.25 Ex Mundra/Bhiwandi
Polymer Demand and Supply
- In terms of regional trends, Asia's PVC market is experiencing mixed prospects due to rising costs amidst sluggish demand. This indicates that while there may be some upward pressure on prices due to increasing production costs, demand remains subdued, limiting the potential for significant price increases. Crude oil prices rose last week amid high volatility, marking the second consecutive weekly gain.
- The supply and demand for PVC in Asia were influenced by various market trends. Polyvinyl chloride (PVC) prices were quoted flat in the GCC region on October 14, 2024. This stability in pricing suggests that supply and demand were balanced, with no significant changes in market sentiment.
Polymer News
Invista shut its PDH unit on October 13, 2024, due to a trip. The unit is located in Houston, Texas, USA.
Baystar Bayport Polymers experienced a compressor shutdown at its ethane cracker, located in Port Arthur, Texas, USA.
Brent crude oil prices traded lower at USD 75.24 per barrel.
Polymer grade propylene (PGP) prices were assessed higher at 41.50 cents/lb FD US Gulf levels.
Expert Opinion
In India, the purchasing pulse was weak, with most buyers staying on the sidelines. Import offers were limited, leading buyers to secure their requirements from local sources. Domestic producers are anticipated to hike prices in the coming days.
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