PPHP
In industry, homopolymer Polypropylene is also known as PPHP. A kind of thermoplastic, it is composed only of propylene monomers. Although it is known for being...
PPHP Bytes
Daily Market Report
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China Domestic PP Market Struggles with Weak Demand Amid Rising Supply Pressures and Tariff Uncertainty
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.
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Tariffs Trigger Buyer Caution Across PE, PP & PVC Markets
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.
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European Polypropylene Faces Downward Pressure Amid Rising Imports
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.
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HMEL Achieves Record Polymer Sales Amid Robust Expansion
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.
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Dangote’s Polypropylene Output to Reshape Market Dynamics, Cut Import Reliance
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.
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US Antidumping Case on Chinese and Vietnamese Polypropylene Imports
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.
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Dangote Refinery’s Polypropylene Production Reshapes Domestic Market
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.
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PP Market Stabilizes Amid Weak Cost Support & Gradual Demand Recovery
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.
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Westlake Weighs Ethylene Expansion Amid Cost Pressures in Polymer Market - ICIS
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.
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