HMEL MDPE BM (B0148D) in Ahmedabad

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.

Ethylene market dynamics remain uncertain as inflation pressures impact supply expansion plans. Westlake’s potential cracker expansion in Louisiana could increase capacity by 40%, but cost concerns delay decisions. Meanwhile, polymer prices remain volatile, with PVC, HDPE, LDPE, and ABS seeing mixed trends across major Indian hubs. Short-term market stability is expected.

The polyethylene market remains under pressure as weak demand and increased spot availability lead to price adjustments. HDPE prices saw minor fluctuations, while LDPE found support due to supply constraints. Global crude oil trends and scheduled production shutdowns are influencing market sentiment. Demand recovery is expected by mid-to-late February.

In Chennai, PPHP raffia grade is priced at ₹98,000/ton, while in Mundra, injection molding (IM) grade is available at ₹99,000/ton. Rajkot reports lamination grade at ₹101,000/ton. In Ahmedabad, raffia grade is listed at ₹89,750 per metric ton, and in Daman, IM grade is priced at ₹99,000/ton.

Indian polymer prices fluctuate amidst steady PP and PE demand. International suppliers raise prices, while Middle Eastern supply is restricted. Chinese suppliers offer competitive rates. LDPE faces tight supply, whereas HDPE demand weakens.