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1 day agoABS

Global ABS Market Under Strain as Oversupply Meets Weak Demand in March 2025

ABS prices stayed firm across Indian cities, but global market sentiment remains weak due to oversupply and sluggish demand from automotive and appliance sectors. Despite stable raw material costs, producers face margin pressures. Europe’s structural issues and Asia’s high inventories continue to suppress price recovery, signaling a cautious near-term outlook.
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3 days agoCPVCPVC

PVC Market Stays Weak Due to Poor Demand and Supply Conditions

PVC prices slipped slightly this week, with China's SG-5 averaging $655.48/ton, down 0.48%. Demand stayed weak across Asia and Europe, while US export prices held steady amid trade uncertainty. Stable production and low downstream activity kept the market sluggish. Market players expect PVC prices to stay range-bound in the near term due to weak demand and geopolitical pressures.
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7 days agoHDPELDPELLDPE

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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9 days agoPET

Asian PET Prices Decline Sharply Amid Cost and Supply Pressures

PET prices remain under pressure due to oversupply, weak demand, and falling upstream costs. Despite a slight recovery in Chinese prices, inventories are high and demand sluggish. Crude oil and feedstock volatility continue to erode cost support, keeping the market bearish. Short-term pricing depends on demand revival and production adjustments.
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12 days agoPPCPPPHP

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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15 days agoLLDPEHDPEMDPE

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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16 days agoCPVCPVC

RIL Rolls Out PVC Annual Procurement Policy for FY 2025-26: Explained

Reliance Industries Limited (RIL) has officially announced its Annual Procurement Requirement (APR) policy for Polyvinyl Chloride (PVC) applicable for the financial year 2025-26, starting from April 2025. The policy outlines key requirements for participation, performance-linked discounts, and provisions for new entrants and existing dealers.
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19 days agoLDPE

Virgin LDPE Market Holds Steady Amid Low Demand and Ample Supply

Virgin LDPE prices remain stable across major Indian markets amid soft demand and sufficient supply. Despite Reliance’s price hike, buying sentiment stays cautious. Industry experts advise short-term procurement strategies amid uncertain downstream revival and global volatility.
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21 days agoPPCPPPHP

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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22 days agoHDPELDPELLDPE

Global PE Market Slows as North America Leads Supply and Demand Weakens in China

Effective April 1, 2025, major Indian polymer producers revised prices, with reductions in LLDPE Roto, PP Non-Woven, and specific HDPE and PP grades, while PVC and PET saw price hikes. Global polyethylene demand growth slowed to 2.2% in 2024, with China’s economic struggles impacting market sentiment. North America led production expansion. Market outlook remains cautious due to economic and geopolitical uncertainties.
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28 days agoCPVCPVC

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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29 days agoPET

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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