HMEL MDPE BM (B0148D) in Ahmedabad

PVC prices rose ₹1–1.25/kg in India amid freight tightness and pre-BIS certification buying. Polypropylene and polyethylene prices continued correcting due to subdued global demand and aggressive discounting. Despite tariff relief optimism, buyers remain cautious. Chinese plant shutdowns may support PE prices ahead, while anti-dumping duty uncertainty clouds the PVC outlook.

India's polymer market is witnessing a major shift in 2025, with fewer MoUs and a stronger push toward flexible, spot-based procurement. Prices remain high across key regions, while trading companies and digital platforms gain importance. Polyethylene demand is surging, prompting structural changes in supply strategy and sourcing behavior.

Polymer prices across India witnessed downward pressure amid weak demand and abundant supply. Domestic producers, including HMEL and MRPL, maintained prices regionally, while international PP and PE offers softened. Incentive schemes and maintenance shutdowns hint at attempts to stabilize the market, though bearish sentiment persists heading into May 2025.

Polymer prices in India reflect cautious trading amid global oversupply and weak demand. XINFA PVC K67 is at ₹64,000/MT in Bhiwandi; HDPE PE100 at ₹92,520/MT in Delhi. PP and PE segments are under pressure, with incentives failing to spur demand. Anti-dumping measures may offer limited support for PVC prices.

Polymer markets remain cautious amid falling crude prices and U.S. tariffs. PE and PP buyers are holding back, anticipating further price drops. PVC demand is hit by cheaper imports, prompting anti-dumping duty action. Key price cuts from JPFL and RIL signal inventory pressure. Markt players await clarity on trade and pricing trends before major moves.

Polymer prices remain steady as HMEL leads India's petrochemical growth with record sales and expanded capacity. Strong industry demand, robust logistics, and strategic investments position HMEL for further growth.

Effective April 1, 2025, major Indian polymer producers revised prices, with reductions in LLDPE Roto, PP Non-Woven, and specific HDPE and PP grades, while PVC and PET saw price hikes. Global polyethylene demand growth slowed to 2.2% in 2024, with China’s economic struggles impacting market sentiment. North America led production expansion. Market outlook remains cautious due to economic and geopolitical uncertainties.

The polyethylene market faces weak demand and ample supply, pressuring prices downward. Crude oil volatility adds uncertainty, despite seasonal agricultural demand. Major global producers adjust operations, with new capacity additions and maintenance shutdowns. Market sentiment remains cautious, with PE prices likely to fluctuate due to economic and geopolitical factors.

Polymer prices remain under pressure amid oversupply concerns. HDPE Films Near Prime is at ₹84,880/MT in Ahmedabad, while LLDPE Film OG stands at ₹96,750/MT. New capacity additions in 2025 could further weigh on prices. Manufacturers aim for hikes despite sluggish transactions, while market volatility remains limited in the short term.