Tuesday 15 April 2014

Uniform demand to keep LLDPE prices steady in Indian markets

Uniform moderate demand conditions in the polymer markets in India have kept prices of the LLDPE material almost stable. Prices of the material are not likely to undergo any major fluctuation in the near term, as indicated by the demand pattern prevailing in the country.  Describing the prevailing market situations in respect to the polymer, a Delhi-based trader told Indianpetrochem, " Off-takes of the LLDPE material are moderately active, but uniform, and I do not see prices going up or down in the coming days."

In the Delhi and Mumbai markets today the LLDPE (Film) material was sold at around Rs  125 a kg and Rs 124 a kg respectively.

However, some LLDPE converters also confronted with shortage in supply of the raw material. A Delhi-based LLDPE Film manufacturer said,"Demand for my end-products is strong these days, so my production activities are going on in full-swing."  He also said," I am finding shortage in the LLDPE material in the market. The material of GAIL, HPL and IOCL is less in the market as traders have not received fresh supplies from the respective producers."

(This article was published on April 09, 2014)

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