PP Dossier, November 23, 2013

PP prices moved up considerably during the week ended on November 22, 2013, driven by strong demand conditions.

PP item manufacturers procured the raw material actively on account of demand for their end-products becoming stronger. Most of them operated their manufacturing units at almost full capacities. Demand for the PP material was, thus, continue to remain strong during the week.

During the week, PP prices in the country were not interfered by international price fluctuations. In the South East Asian region, prices of the Injection Moulding grade of the polymer was assessed lower during the week by $5 per metric tonne, at $1,517 per metric tonne CFR.

 In the succeeding week, demand for the polymer will remain strong as indicated by the active manufacturing activities going on in the country. And, prices of the polymer are likely to remain at around the rates prevailed in the week under review.

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PVC Dossier, November 23, 2013

PVC prices in the major polymer markets in India were assessed higher during the third week of November 2013, amid prevalence of strong demand conditions.

Demand for the polymer was strengthened by active purchases by end-users, who operated their manufacturing units at full capacities as demand for PVC end-products was strong.

During the week under consideration, there was no influence of international price movements on PVC prices in India.
In the South East Asian region, PVC price remained unmoved during the week, at $977 per metric tonne CFR.

In the succeeding week, PVC prices in India are expected to remain at around the rates prevailed this week, and demand will continue to remain strong.

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PE Dossier, November 23, 2013

PE prices were assessed considerably higher in the major Indian markets at the end of the third week of November 2013 in comparison with that in a week-ago.

The prices went up on the influence of strong demand for the plastic raw materials by end-users, who purchased actively not only to cater to their raw material requirements but also to build up raw material inventories.
During the week, PE prices in the country were not influenced by fluctuations in key international regions.

In the South East Asian region, prices of the Injection Moulding, Blow Moulding and Film grades of HDPE were assessed lower by $10 per metric tonne, at $1,507 per metric tonne CFR, $1,512 per metric tonne CFR and $1,527 per metric tonne CFR respectively.

During the week, LDPE price in the South East Asian region was assessed stable at $1,672 per metric tonne CFR, and LLDPE price in the region was assessed lower by $5 per metric tonne, at $1,537 per metric tonne CFR.
 In the coming week, PE prices in Indian markets are likely to move at around the same rates, and demand conditions will remain strong.

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PP Dossier, November 16, 2013

PP prices underwent linear movements in the major markets of India during the week ended on November 16, 2013. Off-takes of the raw material were strong as manufacturing of end-products gained momentum in various manufacturing clusters in the country.

Several end-users also considered stocking of the raw material due to the uncertainties in price movements in the near future. The constantly fluctuating INR triggered expectation of the polymer becoming costlier in the coming days.

During the week, PP prices in India were not influenced by international price movements as there was no significant price movement in the South East Asian region. In the region, price of the Injection Moulding grade of the polymer moved upwards by $5 per metric tonne to $1,522 per metric tonne CFR; price of the Film grade of PP remained stable at $1,537 per metric tonne CFR during the week under review.

The week under review saw producers raising their ex-work PP prices, seemingly on account of the fluctuating INR against the USD, and the rising demand in the country. Reliance Industries Limited and Indian Oil Corporation Limited hiked their PP prices by Rs 1.5 a kg respectively, with the exception of the BOPP material, for which the price hike was at Rs 3 a kg by both the producers.

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PVC Dossier, November 16, 2013

PVC prices in the major markets in India were assessed as flat during the week ended on November 16, 2013.  Demand conditions were active on account of manufacturing of end-products gaining momentum gradually. Most end-users preferred the domestic markets for their PVC purchases.

 During the week, PVC price in the South East Asian region did not undergo any change, and remained stable at $977 per metric tonne CFR. There was also no producer price hike during the week under review.

In the succeeding week, PVC prices in open markets of the country are not likely to change from the rates prevailed during the week under consideration. Demand conditions will also remain active.

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PE Dossier, November 16, 2013

HDPE prices were almost stable in the major polymer markets in India during the week ended on November 16, 2013. Demand strengthened considerably from the dull conditions prevailed during the pre-Diwali days, as manufacturing of end-products gained momentum. Manufacturers of HDPE end-products said that they began carrying out their manufacturing activities in full capacities as demand for their end-products became stronger. They thus purchased the raw material actively to cater to their production needs.

 Several end-users also considered stocking raw material inventory in view of brewing uncertainties in regard to stability in HDPE prices in the near future. The occasional depreciation of the INR against the USD triggered apprehensions of possible upward movements in PE prices in the coming days.

During the week, there was no significant price movement in key international regions, to cause any impact on prices in India. In the South East Asian region, prices of the Blow Moulding and Film grades of HDPE remained unmoved on a week-on-week basis, at $1,522 per metric tonne CFR and $1,537 per metric tonne CFR respectively. But, price of the Injection Moulding grade of HDPE went down by $5 per metric tonne to $1,517 per metric tonne during the week from that in a week-ago period.
Despite no significant movement in international HDPE prices, domestic producers: Reliance Industries Limited (RIL), Indian Oil Corporation Limited (IOCL) and GAIL hiked their HDPE prices during the week.

RIL raised its HDPE price by Rs 1 a kg; GAIL hiked its HDPE price by Re 1 a kg; and IOCL lifted its HDPE price by Re 1 a kg.

The producer price hikes could be regarded as done due to the occasional weakening of the INR against the USD that pushed landed costs of imports higher. The producers seem to have hiked their HDPE prices to maintain a parity between domestic prices and landed costs of imports.

In the succeeding week, HDPE prices in open markets of the country are expected to go up, due to the producer price hikes this week. Demand is not likely to weaken as a result, as full-fledged manufacturing of end-products are going on in various manufacturing clusters in the country.

LDPE prices were almost flat in the major polymer markets in the country during the week under consideration. Manufacturing of end-products gaining momentum caused demand for the polymer strengthening considerably during the week.

During the week, LDPE price in the South East Asian region moved down by $5 per metric tonne to $1,672 per metric tonne CFR. But, the price decline did not have a moderating effect on LDPE price in India. Instead, RIL had hiked its LDPE price by Rs 1.5 a kg. The price increment seem to done in view of the instability of the INR against the USD, and the rising demand in the country.

In the succeeding week, LDPE prices in open markets of the country are likely to go up as the producer had raised its price for the polymer in this week. The possible rise in market prices in respect to the polymer will, however, not weaken demand as manufacturing of LDPE end-products are going on in full swing.

LLDPE prices in the major polymer markets exhibited almost linear movements during the week under review. Demand conditions were strong as end-users purchased the raw material actively to cater to their production needs. Rising demand for LLDPE end-products led to manufacturers operating their manufacturing units at full capacities.

 There was no influence arising out of any significant movement in international prices. In the South East Asian region, LLDPE price remained unmoved at $1,542 per metric tonne CFR.

RIL raised its LLDPE price by Rs 1.5 a kg during the week, seemingly done in view of the fluctuating INR against the USD, and the strengthening demand for the polymer.

In the coming week, demand will continue to remain strong, although price of the polymer in open markets of the country are likely to rise as the producer had hiked the price this week.

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PP Weekly Dossier, November 7, 2013

Absence of active trading activities kept PP prices almost undeviated during the week ended on November 9, 2013. Since, markets were closed during the initial days of the week due to festival, trading activities remained muted.
During the week there was no producer price revisions. And, in the South East Asian region, prices of the Injection Moulding grade of PP remained unmoved at $1,517 per metric tonne.

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PVC weekly Dossier, November 7, 2013

PVC price in the major polymer markets in India underwent meager movements during the week ended on November 9, 2013. Trading activities in markets were inactive, and the initials days of the week were devoid of trading in markets due to holidays and festival.
During the week, there was no producer price revisions. In the South East Asian region, PVC price moved downward by $5 per metric tonne to $977 per metric tonne. 

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PE weekly Dossier, November 7, 2013

PE prices in Indian polymer markets underwent minimal fluctuations during the week ended on November 9, 2013. Markets were closed during the initial days of the week, and trading activities were dull, post the markets reopening.

During the week, Reliance Industries Limited kept its PE prices unchanged, but, Indian Oil Corporation Limited raised its HDPE price by Re 1 a kg.

In the South East Asian region, prices of the Injection Moulding, Blow Moulding and Film grades of HDPE moved up by $5 metric tonne to $1,522 per metric tonne, $1,522 per metric tonne and $1,537 per metric tonne respectively.

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PP weekly Dossier, November 1, 2013

PP prices in the major polymer markets in India exhibited an almost linear trend during the week ended on October 31, 2013.  Demand conditions were sluggish on need-based buying practices of most buyers in the country.

Many traders expected demand to rise by the second half of this month.

During the week, Reliance Industries Limited lowered its PP price by Re 1 a kg, and Indian Oil Corporation reduced its PP price by Re 0.50 a kg, apparently in view of the prevailing demand conditions.

During the week, LyondellBasell, of Saudi Arabia, was heard to offer its PP (Film) to India at $1,540 per metric tonne, for shipment within this month. 

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PVC weekly Dossier, November 1, 2013

PVC price was assessed almost stable in Indian polymer markets during the week ended on October 31, 2013.  Demand conditions in polymer markets of the country were sluggish, that kept the price almost unmoved.

Traders in markets had ample stocks of PVC stocks, and waited for revival of demand conditions. Many of them expected demand for the polymer to strengthen by the middle of the next month.

Low priced PVC offers to India prompted several buyers to book PVC imports for delivery in November 2013. Taiwan-based Formosa Petrochemical Corporation and South Korea-based Hanwha Chemical Corporation had offered their PVC to India at $1,000 per metric tonne and $1,010 per metric tonne respectively.

During the week, Reliance Industries Limited lowered its PVC price by Rs 2 a kg, apparently in view of the prevalence of weak demand conditions. Subsequent to the price reduction, some market participants felt that demand will rise in the coming days as a result of the price reduction.

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PE weekly Dossier, November 1, 2013

PE prices in polymer markets in India exhibited a stable trend in the absence of active trading activities. Demand conditions in the country's markets were dull as buyers abstained from building up raw material inventories. Many traders expected demand to strengthen by the second week of this month, when manufacturing activities are expected to gain momentum in the country.

Prevalence of weak demand conditions seem to prompt Indian Oil Corporation to lower its HDPE price by Re 1 a kg; the company, however, kept its LLDPE price unchanged. Reliance Industries Limited did not change its PE prices from that in the last revision.

Traders in the major markets in the country had ample PE stocks with them.

During the week, SABIC, of Saudi Arabia, was heard to offer its HDPE (IM), LDPE (GP) and LLDPE(Film) at $1,510 per metric tonne, $1,570 per metric tonne and $1,500 per metric tonne respectively. 

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