IOCL LLDPE 2 MFI NON SLIP (020F18A - 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.

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 is witnessing a decline in prices due to weak demand and low feedstock costs, particularly for Polyethylene Terephthalate (PET). Regional trends reflect similar challenges, with Asian markets experiencing price drops across PET, MEG, and PTA.

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.

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.