IOCL PPCP RANDOM (3120MA - PRIME) in Delhi

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.

Dangote Refinery has launched its polypropylene facility, adding 830,000 MT/year to Nigeria’s supply. This move will reduce import reliance and drive competition, potentially impacting prices. Market participants expect increased local investments in plastics and manufacturing. Experts foresee economic benefits but anticipate price realignments as the market adjusts to new supply dynamics.

Polypropylene prices saw slight corrections in February before stabilizing. Domestic production rates declined but remained sufficient to meet demand. While market activity was weak, demand for woven bags in fertilizers and cement sectors showed signs of recovery. Experts predict price consolidation in the short term, with stronger growth expected in the coming months.

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.

PP prices surged in February 2025 due to supply shortages from Middle Eastern and Asian producers, logistical disruptions, and rising feedstock costs. While the packaging sector remains stable, demand in automotive and construction is weak. Market experts anticipate further price increases amid supply constraints, particularly before Ramadan.

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.

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.