SINOPEC PPHP RAFFIA (T03S) in Chennai

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.

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 prices in India show slight declines across most grades, with supply-demand imbalances persisting. Recycling mandates for 2025 drive early demand for recycled polyethylene, but significant challenges remain in collection and processing. Global polymer markets face feedstock shortages, impacting price stability. Industry news highlights maintenance shutdowns and incentive schemes.

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.

The polymer market experienced stable prices across most grades, with slight fluctuations in specific segments like polypropylene (PP). While supply tightened due to reduced operating rates, demand remained steady but subdued. External factors like crude oil price volatility and stable feedstock prices provided mixed cost signals.

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 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.