Indian producers likely to raise ex-works polymer prices in the imminent price revisions
30 May : The prevailing international as well as domestic market conditions indicate that there is a strong likelihood of domestic producers further raising their ex-works polymer prices in their imminent price revisions. If the international trend is taken into account, then the probability of domestic producers raising their ex-works PP prices in the next price revisions is considerably high. PP prices in Asian regions went up further, according to the latest inputs received. Domestic producers are also likely to hike their ex-works PVC prices as international import PVC offers to India became considerably costlier. The current PVC offers to India are priced at $1,030-1,040 per metric tonne CIF, for shipment in June 2013. Besides, PVC demand in the country is remarkably strong which is also likely to prompt producers to raise their PVC prices. Moreover, the INR is considerably depreciated against the USD, rendering imports becoming costlier.
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LDPE stocks go lower in Delhi; Strong demand prevails
29 May : Stocks of LDPE in the Delhi market was reported to be dwindling on active off-takes. Traders in the market were unable to replenish their dwindling LDPE stocks as Reliance Industries Limited did not release fresh supplies to the market. In the market, strong demand conditions prevailed, and prices of HDPE and LDPE went up moderately from the previous rates.
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Indian polymer markets see moderate demand conditions
28 May : Moderate demand conditions prevailed in the major markets in India today, and there was also no major price fluctuation in any of the markets. A trader in the Ahmedabad market told the website that moderate buying activities were going on in the market, and enough polymer stocks were available with traders in the market.
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Para Xylene price declines in Delhi on availability of excessive stocks
27 May : Para Xylene price in the Delhi market declined as excessive stocks were available with traders. Due to availability of excessive stocks in their hands, traders lowered Para Xylene prices aiming at disposing off the stocks.
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PE,PP,PVC end-products prices likely to go up in India on successive producer-price hikes and costlier import offers
25 May : In India, prices of end-products of PE, PP and PVC are likely to get costlier in the near term as polymer producers in the country continued to raise their ex-works polymer prices. To compound to the situation, polymer import offers to India also became costlier, leaving plastic item manufacturers in the country with no other options but to think of passing on the increasing raw material cost pressure to customers.
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Indian markets continue to see meager price fluctuations
24 May : Polymer prices in the major markets in India did not undergo any major fluctuation despite South East Asian polymer prices going higher. In the Delhi market today, the Blow Moulding and Injection Moulding grades of HDPE were sold at Rs 99 a kg and Rs 99.50 a kg respectively; PVC was sold at Rs 76 a kg; and the Raffia, Film and Injection Moulding grades of PP were sold at Rs 106.50 a kg, Rs 108 a kg and Rs 106 a kg respectively.
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PE, PP, PVC prices continue to rise in Asia; No respite from cost pressure for Indian buyers
23 May : There seems to be no respite from raw material cost pressure for Indian plastic item manufacturers as polymer prices in the country as well as in the nearby countries escalated considerably. In South East Asia (SEA), prices of PE, PP and PVC went up, following which, Reliance Industries Limited (RIL) hiked its PE and PVC prices.
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Lean polymer price fluctuations continue in Indian markets; Asian PE, PP prices go up
22 May : PE, PP and PVC prices in the major markets in India did not undergo any major fluctuation today, and the prices moved around the rates prevailed yesterday. There was no change in the trading patterns or buying practices in the markets. Prevalence of high polymer prices continued to keep buyers sustaining high raw material cost pressure. Besides, there was also no indication of any possible price moderation in the coming days.
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High prices slackens polymer demand in Indian markets; PVC offer to India goes costlier
21 May : The major polymer markets in India saw demand for polymers slackening due to prevalence of high prices. PE, PP and PVC prices in the major markets of the country did not undergo notable changes from the rates prevailed yesterday. The Delhi market saw prices of the Injection Moulding grade of HDPE going up by Re 1 a kg to Rs 100 a kg; LLDPE (Film) price moving up by Re 1 a kg to Rs 107 a kg; LDPE (Film) price going up by Rs 1.5 a kg to Rs 109 a kg; and PP (Film) price moving up by Re 1 a kg to Rs 109 a kg.
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Lean fluctuations prevail in Indian polymer markets
20 May : The major polymer markets in India saw no major price fluctuation today. Polymer prices were at around the rates prevailed on the last weekend. In the Delhi market, price of the Blow Moulding grade of HDPE was up by Re 1 a kg, at Rs 99.5 a kg. LLDPE(Film) price in the Delhi market also was higher by Re 1 a kg, at Rs 106 a kg. The market also saw prices of the Raffia and Injection Moulding grades of PP going up by Re 1 a kg respectively to Rs 107 a kg and Rs 106.50 a kg respectively.
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Active buying prevails in Indian polymer markets; Polymer prices move minimally
18 May : Robust buying activities prevailed in the major polymer markets in India today. Despite prevalence of high PE, PP and PVC prices, plastic item manufactures actively purchased their raw material requirements to keep their manufacturing activities uninterrupted. There was also no change in prices of PE, PP and PVC prices today in the major markets in the country from the rates prevailed yesterday.
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