Daily Market Report
Tune in to daily market reports on Nexizo to gain insights on the latest market trends.

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Anti-Dumping Probe and Import Reliance Shape India’s PVC Paste Resin Market
PVC K67 prices in India remain stable at ₹68,500–69,500/MT across top brands. The market continues to rely heavily on imports amid pending anti-dumping duty (ADD) decisions. Market uncertainty persists, with ADD ruling likely to impact cost structure ahead.
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PET Resin Prices Under Pressure Amid Weak Demand and Oversupply Concerns
PET resin prices in India have softened due to global oversupply, weak raw material costs, and sluggish downstream demand. New production capacity, high inventory levels, and low order flow continue to weigh on the market. Experts foresee limited upside in the near term without a significant rebound in demand.
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China's ABS Market Strengthens Ahead of Spring Festival on Supply Tightening and Cost Support
ABS prices remain stable across various locations, with LOTTE's SD-0150 (Black) priced at ₹158,000/MT. Domestic ABS demand in China is rising ahead of the Spring Festival despite a slight decrease in production rates. ABS market stability is expected, with ongoing interest from household appliance sectors.
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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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China's PE Market Struggles Amid Weak Demand and High Inventory
The polyethylene market faces weak demand and ample supply, pressuring prices downward. Crude oil volatility adds uncertainty, despite seasonal agricultural demand. Major global producers adjust operations, with new capacity additions and maintenance shutdowns. Market sentiment remains cautious, with PE prices likely to fluctuate due to economic and geopolitical factors.
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Chinese PVC Market Softens Amid Weak Demand and Stable Supply
The PVC market remains volatile, with Chinese suppliers offering competitive prices and South Korean brands leading at ₹70,000/MT. Weak demand has led to price declines, despite stable supply.
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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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China EVA Prices Surge Amid Strong Demand & Cost Pressures
EVA prices in Mumbai and New Delhi remained stable, with minor fluctuations. The Chinese EVA market saw a 6.6% price surge in February due to rising costs and strong demand. Production in Asia increased, but inventories remained tight. Experts anticipate firm prices ahead, driven by raw material costs and strong downstream demand.
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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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Asia PET Prices Decline Amid Weak Demand and Oversupply
PET prices remained largely stagnant in early March 2025, reflecting weak demand and persistent oversupply concerns. Despite some production cutbacks, the market remains under pressure due to high inventory levels and new capacity additions. Weak cost support from raw materials and cautious buyer sentiment further limit any significant upward price movement.
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Record Price Spread Between Natural and Color HDPE Highlights Market Imbalance
The price gap between natural and color HDPE has surged to a record 85.07 cents per pound, driven by strong demand for natural HDPE in packaging. Meanwhile, color HDPE demand remains sluggish due to weak construction activity. Market uncertainty persists, though increased recycled content requirements could further boost natural HDPE prices.
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Indian Imported PVC Market: Stability Amid Volatility
PVC prices in India fluctuated throughout February, with an initial rise driven by strong crude oil prices and PVC futures, followed by stabilization due to weak calcium carbide markets and moderate downstream demand. RIL announced a ₹1,000/MT price cut, while global plant shutdowns impacted supply. Market stability is expected in March.
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