NATURAL BHANSALI ABS (MIF-45) in Hyderabad

The Indian polymer market remains steady across most categories, with minor fluctuations in specific grades. A global surplus in ABS supply is pushing prices downward, while domestic demand remains consistent. Maintenance shutdowns at key global facilities are expected to tighten supply in the short term for certain polymers like PP and PE.

ABS prices across India show different trends in different regions, with the lowest in Ahmedabad. Supreme Petrochem Ltd. is scaling up production capacity with a new ABS project expected by March 2025. Meanwhile, contract prices for European ethylene and propylene have risen.

Polymer prices are stable, with PP and HDPE rates holding across markets. The Asian ABS sector faces continued demand-supply imbalance, as weak demand and slow downstream recovery restrict pricing.

Polymer prices are stable with PP Raffia at Rs. 92/kg and HDPE PE100 at Rs. 90/kg Ex Mundra. The global polymer market is projected to grow by 5.4% annually, driven by strong demand in industries like packaging and electronics.

In the domestic market, Taita ABS natural in Ahmedabad is priced at ₹1,38,000/MT, while Lotte ABS black in Kolkata ₹1,55,000/MT. - The ABS market in Asia is expected to remain weak, with the supply-demand imbalance likely to persist. Upstream cost factors show no significant signs of a rebound, and supply is expected to remain abundant.

Despite some tightness in specific polyolefin grades and steady demand for recycled materials, market conditions suggest stability or further price reductions in the coming months. The positive sentiment that drove prices upward in August faded as September began.

PP Raffia: ₹94.50/kg, Ex-Godown.LLDPE: ₹87/kg, Ex-Mundra/Bhiwandi. LDPE: ₹118/kg, Ex-Mundra/Bhiwandi. HD Blow Molding: ₹91/kg, Ex-Mundra/Bhiwandi. Low K (P700/TH700): ₹81.25/kg, Ex-Nhava Sheva/Mundra.

Polymer prices remain relatively stable across categories, with minor changes in specific grades like Low K DG700 and B57. The LLDPE market continues to show steady growth driven by industrialization and e-commerce expansion, while developments in feedstock availability and production capacities are shaping market dynamics.

India’s paste PVC consumption increased by 19% in the first half of FY 2024 (April-September), driven by rising demand in manufacturing and processing applications. The surge in demand aligns with India’s status as the world’s fastest-growing economy, reflecting overall economic growth.