RELIANCE PET 81-84 (RELPET G5841) in Bhiwandi

The PET market is experiencing adjustments in supply and demand due to global anti-dumping measures, with prices in India and China under pressure. Lower naphtha prices in Europe, reduced operational capacity in Asia, and upcoming plant maintenance in India contribute to market volatility. Industry experts foresee further fluctuations driven by regulatory and operational dynamics.

Polymer prices showed minor fluctuations, with PET, PP, and HDPE holding steady. The supply chain saw notable market movements, including shutdowns in China’s PP units and LG Chem’s competitive PVC pricing for November shipments.

PET 81-84 Rs. 98,000/MT Ex Bhiwandi/Mundra. Demand for recycled PET (rPET) in India is expected to rise significantly due to increasing sustainability efforts and government mandates.

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.