IOCL LLDPE 1 MFI SLIP (010F18S - PRIME) in Bhiwandi

Polymer prices saw marginal decreases in PP grades, while PE prices remained stable despite global competition and softening freight rates. Brazil's anti-dumping investigation on US and Canada PE imports and restarts at key facilities like Chevron Phillips are influencing global supply. Market stability hinges on improving demand and balancing production.

Polymer prices for HDPE and LLDPE are stable, though competition from lowered regional export prices may challenge domestic producers. October's active PE market momentum continued into early November, with steady spot prices domestically despite recent drops.

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.

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.

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.

The polymer market remains under pricing pressure due to oversupply and weak global demand. Prices for various polymer types are stable, with some regional disruptions in production influencing the supply chain. Competitive imports and reduced domestic demand continue to affect market margins.

Polymer markets show stability across most grades, with LDPE prices holding steady in Asia. Key market updates include price adjustments by Supreme Petrochemicals and Arya Sasol’s December offerings. The sector faces challenges from oversupply and subdued demand growth projections.

Polymer prices remain stable, with minor drops in PP grades. Global supply faces disruptions from plant shutdowns and extended maintenance. Buyers are leveraging U.S. import discounts as suppliers clear inventories to avoid year-end taxes, presenting opportunities for bulk purchases.