South Asian Polypropylene Prices Dip Amid Weak Buyer Demand
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PP Raffia (-0.50) Rs 93/kg levels Ex Godown. PP Film (±0) Rs 101/kg levels Ex Godown. PPCP (+25) Rs 99.50/kg levels Ex Godown. PP Lamination (±0) Rs 105/kg levels Ex Godown. Polypropylene prices have dropped in the South Asian region.
Polymer Price
- PP Raffia (-0.50) Rs 93/kg levels Ex Godown.
- PP Film (±0) Rs 101/kg levels Ex Godown.
- PPCP (+25) Rs 99.50/kg levels Ex Godown.
- PP Lamination (±0) Rs 105/kg levels Ex Godown.
- LLDPE (±0) Rs 87/kg Ex Mundra/Bhiwandi.
- LDPE prices are around (±0) Rs 116/kg Ex Mundra/Bhiwandi.
- HDPE PE100 natural (±0) Rs 91/kg Ex Mundra/Bhiwandi.
- HDPE PE100 black (±0) Rs 92/kg Ex Mundra/Bhiwandi.
- HDPE HM (±0) Rs 90/kg Ex Mundra/Bhiwandi.
- HD Blow Molding (±0) Rs 91/kg Ex Mundra/Bhiwandi.
- Low K (P700) Rs 84.50 Ex Nhava Sheva/Mundra.
- Low K (B57) Rs 87.75 Ex Nhava Sheva/Mundra.
- LG LS100H Rs 76.75 Ex Mundra/Bhiwandi.
Polymer Demand and Supply
- Polypropylene prices have dropped in the South Asian region. This week, PP prices in important markets like India have gone down because buyers are being cautious and only buying what they need. Instead of importing, most buyers are choosing to buy from local suppliers.
Polymer News
- Trinseo has reduced its October Styron & Styron X-Tech GPPS grades prices and Styron, Styron A-Tech, Styron C-Tech & Styron X-Tech HIPS grades prices by Euro 165/MT in Europe.
- Naphtha prices assessed stable at US$ 670/- per MT CFR Japan basis.
- Hanwha Solutions has reduced operating rates at its No. 1 Ethylene Vinyl Acetate (EVA) Plant in H1 October 2024. The plant is located in Ulsan, South Korea.
- Brent Crude Oil prices traded higher at USD/bbl 74.72.
- Styrene Monomer prices assessed stable at US$ 1105/- per MT FOB Korea basis.
Expert Opinion
PP prices held steady, with spot liquidity remaining limited. Regional producers, who continued to struggle with compressed PP production margins brought on by elevated container freight rates and high feedstock rates, remained focused on selling cargoes in the domestic markets in hopes of getting better netbacks.
Daily Market Report
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