SHANDONG GAOXIN CPVC K57 (J500) in Mundra

The polymer market shows steady activity with specific price adjustments in PVC and HDPE categories. Domestic PVC prices are increasing, driven by anti-dumping duties on imports. Meanwhile, international markets are stable, with moderate demand due to low purchasing sentiment.

Polymer prices in November have largely remained stable despite feedstock costs like ethylene and propylene fluctuations. Weak demand and ample supply in the market have prevented price increases. Freight rates are trending upwards, and potential tariffs on imported goods in the USA could impact global trade dynamics in early 2025.

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.

Polymer markets remain stable as steady supply-demand dynamics balance LDPE and LLDPE film prices. Crude oil trends and global economic factors continue to influence polymer pricing. PP markets experience stagnant demand, while recent plant restarts add capacity.

Polymer prices remained mostly stable, with slight declines in HDPE and LLDPE categories. China's polycarbonate (PC) production increased in early December, leading to high inventories and weak demand. Rising bisphenol A prices provided some cost-side support, but the supply-demand mismatch continues to suppress PC spot prices.

The Indian PET market remains steady with RELIANCE PET priced at ₹91,000/MT, while China's PET bottle chip market saw a minor price drop. Weak demand, cautious downstream procurement, and fluctuating international oil prices weigh on the market, with limited trading momentum. Industry recovery faces challenges amid ongoing cost pressures.

In Chennai, BASELL LDPE Films (Lupolen 2421 H - Prime) is priced at ₹1,08,000/MT. Meanwhile, in Mundra, BASELL LDPE 4 MFI Slip GP (2427K - Prime) is available at ₹1,05,000/MT, and SASOL LDPE 2 MFI Non-Slip (LFI2119 - Prime) is priced at ₹1,06,000/MT.

The polymer market remained steady, with stable prices across most segments, including PP Raffia, HDPE, and LDPE. Tight inventory levels and increased feedstock costs contributed to supply constraints, while moderate export demand and late railcar shipments supported consistent buying activities. However, low purchasing sentiment continues to hinder fresh orders.

The polymer market experienced stable prices across most grades, with slight fluctuations in specific segments like polypropylene (PP). While supply tightened due to reduced operating rates, demand remained steady but subdued. External factors like crude oil price volatility and stable feedstock prices provided mixed cost signals.