PP off-takes strengthen in Indian markets post producers assuring price protections; demand likely to gain strength

The recent price protections for the PP material by polymer producers in India have resulted in moderately activating buying momentum in the major polymer markets in the country. Many traders also expect the demand to gain strength in the coming days if the prevailing conditions prolong. On the prevailing market trend, a Mumbai-based trader told Indianpetrochem," Demand for the PP material has gained some strength after producers assuring price protections in respect to the material. The producers seem to have assured price protection on account of import prices for the polymer being lower, and demand was not much active." He further said," If the prevailing prices persist, demand is likely to strengthen in the coming days." 


A PP Film manufacturer in Mumbai said," With the current pricing for the PP material, we are adhering to the need-based buying strategy. We might increase our purchase volumes if the price go down."

A Mumbai-based trader today quoted prices of the Injection Moulding, Raffia and TQ Film grades of the PP material at around Rs 122-123 a kg, Rs 120-122 a kg and Rs 126-127 a kg respectively.