BOROUGE PPCP IMPACT (BJ768MO - PRIME) in Chennai

Polymer prices in India are rising due to speculative inventory hoarding ahead of a potential duty hike targeting non-BIS-compliant materials. Market trends suggest further price increases through February, with close attention to fiscal policy announcements.

Polypropylene (PP) prices remain steady in domestic and global markets as supply outpaces demand. Domestic output has increased slightly, with abundant inventories and moderate seasonal demand in sectors like packaging. Global supply chains are supported by imports, while maintenance shutdowns in China and Saudi Arabia contribute minimally to price movements.

India's polymer market is facing oversupply due to increased domestic production, with major players like RIL ramping up capacities. Coupled with stable or declining demand and supply chain uncertainties, prices of key polymers have dropped. Globally, stable ethylene prices and economic changes, such as Mexico's interest rate cut, continue to influence the market.

The polymer market remains subdued with minimal price changes and declining demand for LDPE and LLDPE grades, particularly in electrical pipe applications. Crude oil price gains and propylene price increases in Asia signal potential market shifts.

Polymer prices remain largely stable in December, with minor fluctuations across grades. Supply adjustments and seasonal demand trends suggest potential price strengthening in early 2025. Industry rationalization, including plant closures, and anti-dumping measures in global markets are expected to shape the dynamics.

Polymer prices in India show minor fluctuations, with some grades like PP Raffia and PPCP experiencing slight declines, while others remain stable. Weak export demand and lower feedstock costs are impacting global polypropylene markets. European LLDPE prices are steady, but the overall sentiment remains bearish due to subdued trading activity and oversupply concerns.

Polymer markets remain stable as steady supply-demand dynamics balance LDPE and LLDPE film prices. Crude oil trends and global economic factors continue to influence polymer pricing. PP markets experience stagnant demand, while recent plant restarts add capacity.

The polymer market remained steady, with stable prices across most segments, including PP Raffia, HDPE, and LDPE. Tight inventory levels and increased feedstock costs contributed to supply constraints, while moderate export demand and late railcar shipments supported consistent buying activities. However, low purchasing sentiment continues to hinder fresh orders.

Polymer prices remained largely stable, supported by structural supply constraints caused by planned maintenance at key production facilities. Demand trends varied across sectors, with some weakening due to seasonality. Despite this, strong consumption of BOPP films and stable raw material reserves provided market resilience.