NATURAL STYRENIX ABS (ABSOLAC 920) in Mumbai

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.

The polymer market witnessed mixed price movements, with a decline in certain HDPE grades and stable pricing for other polymers like LLDPE, LDPE, and PP. Market dynamics are shaped by fluctuating feedstock costs, weakened regional demand, and anticipated production adjustments.

The polymer market in India remains stable with varied pricing trends across segments. Key developments include steady PVC prices supported by anticipated anti-dumping duties and robust demand growth in the PVC pipes industry. Global supply disruptions, including shutdowns in methanol and LLDPE units, also impact regional markets.