HALDIA PPCP RANDOM (M312 - PRIME) in Delhi

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.

PP prices vary across India, with HALDIA PPCP Random at ₹1,06,250/MT in Delhi and MARLEX PPHP Raffia at ₹98,000/MT in Bhiwandi. Supply remains ample despite slight production cuts. Demand is slow but gradually improving. Global trade tensions and rising propane costs are driving raw material volatility and cautious market sentiment.

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.

Polypropylene prices in India remain relatively stable, though global markets face bearish pressure. Increased imports, weak demand from key sectors, and geopolitical trade tensions are weighing on sentiment. European supply is ample despite plant outages, and bearish crude trends continue to influence market expectations, potentially keeping PP prices soft in May.

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.

Polypropylene prices vary across regions, with MRPL PPHP LAMINATION (HY035R) at ₹1,03,000/MT in Rajkot, the highest. The launch of Dangote’s 900,000 MT/year facility in Nigeria is set to transform supply dynamics. RIL has reduced PP deemed export prices. Market expectations lean towards a price correction amid increasing local production.

Polypropylene prices in India remain varied across regions, with rates ranging from ₹96,000 to ₹1,03,000/MT. Globally, the U.S. PP market faces pressure from a surge in low-cost imports from China and Vietnam. Ongoing plant shutdowns and antidumping investigations are expected to impact global supply chains and influence short-term pricing.