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

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PP Market Consolidates Amid Ample Supply, Weak Demand
PP prices in Delhi remain steady, with PPCP random grades peaking at ₹1,09,000/MT. Chinese PP prices dipped 0.74% in May, reflecting stable but subdued demand. While supply remains ample with upcoming capacity additions, off-season demand and high inventories are capping price momentum. Market expected to stay in consolidation.
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PET Bottle Chip Prices Witness Volatile Trend Amid Mixed Market Drivers – May 2025
Chinese PET bottle chip prices saw sharp fluctuations in May 2025, rising to ¥6,185/ton mid-month due to crude and feedstock gains, then easing to ¥6,077/ton amid supply pressure. High inventories, policy uncertainty, and weak demand kept recovery in check. A seasonal uptick may occur if beverage demand strengthens.
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Asian SM Rallies on Benzene Gains; Indian Copolymer Market Eyes Seasonal Recovery
Styrene Monomer prices strengthened across Asia despite weak crude trends, with Indian bulk imports priced at ₹82/kg. Domestic Styrene Copolymer markets remained subdued in April, but demand is expected to rebound from June. Upstream benzene prices firmed up, while traders anticipate steady price hikes due to seasonal demand and tighter supply.
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Brazil May Impose ADDs on US, Canada PE; Indian Importers Eye Market Ripple
Brazil’s polyethylene (PE) market is experiencing a surge in prices and demand amid expectations of antidumping duties (ADDs) on US and Canadian imports. Domestic supply remains tight, and distributors are passing on cost increases. Gecex is set to decide on ADDs by 29 May, potentially reshaping Brazil’s import dynamics.
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PET Chip Market Faces Bearish Pressure Amid Cost Weakness and Oversupply Concerns
Wankai PET prices stable across Indian ports despite weak cost fundamentals. Industry margins decline to -44 USD/ton due to low raw material prices and high polymerization costs. China's aggressive PET production and oversupply continue to suppress Asian market prices. Jindal Films fire disrupts BOPP supply, triggering sharp price hikes and market panic.
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PVC Market Gains Momentum in Asia Amid Freight Constraints
PVC prices in Asia rebounded 3% amid improved buying sentiment and a US–China tariff delay. DAGU, FORMOSA, and LG grades saw regional pricing spreads in India, while XINFA remained most competitive. Tight freight space and rising costs—driven by export redirection to the US—are sustaining upward price pressure despite cautious downstream demand.
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Polymer Market Steady-to-Soft; PP, PE Face Pressure While PVC Firms Up
PVC prices rose ₹1–1.25/kg in India amid freight tightness and pre-BIS certification buying. Polypropylene and polyethylene prices continued correcting due to subdued global demand and aggressive discounting. Despite tariff relief optimism, buyers remain cautious. Chinese plant shutdowns may support PE prices ahead, while anti-dumping duty uncertainty clouds the PVC outlook.
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ABS Prices Under Pressure Amid Oversupply and Weak Demand Across Asia
ABS prices continued to soften across Asian markets, led by oversupply, lower feedstock costs, and subdued demand from converters. In India, prices remain relatively stable due to limited spot cargoes despite global weakness. Persistent bearish sentiment, high inventories, and cautious downstream activity suggest further price erosion in the near term.
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PVC Prices Extend Decline Amid Weak Demand, High Supply in April 2025
Imported PVC K67 prices at Mundra range from ₹63,900–₹68,250/MT, varying by origin. Despite brief stabilization, April ended with a 4.7% price drop. Elevated inventories, high production rates, and weak futures continue to weigh on sentiment. The market remains bearish, with limited downstream interest and weak cost support in May 2025.
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Asian PET Prices Stay Weak Amid Oversupply, Sluggish Demand
PET bottle flake prices in Asia show slight volatility amid oversupply and weak demand. Indian PET prices remain range-bound, with Hyderabad reporting the highest. High production rates, ample feedstock, and sluggish end-user demand are capping price growth. Market remains bearish, but oil price rebounds could offer limited upside.
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India’s Polymer Market Shifts Gears: MoU Decline Spurs Rise in Spot Buying and Trader Deals
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.
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Polymer Market Weakens Amid Global Demand Slump and Price Cuts – April End 2025 Update
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.
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