PET price not to undergo fluctuations in Indian market in the near term

Demand for PET material continues to move on a steady trajectory in Indian markets, and there is no prospect of the price to undergo significant fluctuations. Demand is moderate as the major end-user--beverage bottle industry--is not functioning to the fullest capacities. Traders in major trading hubs in the country said that ample stocks are available, and the price is not likely to undergo any significant fluctuation. 

Excessive imported PVC stocks in Indian markets, bleak international price outlook might pull down ex-work prices

PVC buying sentiment did not undergo the slightest improvement after Reliance Industries Limited assuring price protection in respect to the polymer. Buying remained lackluster mainly due to the major end-industries in slowdown mode. Notably, Indian producers are likely to lower their ex-work prices for the polymer in their next price revisions not only due to sluggish demand conditions and falling international prices but also due to the availability of excessive stocks of imported variants of the polymer. As a matter of fact, prices of imported PVC are lower than the domestic variants.

Sharp increase in Phenol prices amid short supply

Phenol Prices shot up by Rs. 5 per Kg today to attain the trading level of Rs. 129 per Kg. According to our market sources, phenol stock is not available in the market for the past couple of days. He further added that the solvent was not available even at the quoted price in a few markets.

Falling Crude Oil prices fail to moderate HDPE prices in Indian markets as shortage counters impact

HDPE prices in India tend to stay stable despite Crude Oil prices declining in international markets as shortage of the polymer caused by the ongoing maintenance shut-down of the Nagothane plant of Reliance Industries Limited (RIL) has been offsetting the impact of the oil price fall, in an active demand environment for the polymer arising due  to vigorous off-takes from the active packaging industry. According to the latest information received, the idled plant is expected to resume operations by the 20th of this month. 

Prices of PP grades likely to come under pressure on shortage

Prices of some grades of the PP material are likely to rise in Indian polymer markets in the coming days due to shortage. Traders in the major markets in the country told Indianpetrochem that the Injection Moulding and Film grades of the material were short in stocks due to non-receipt of supplies from HMEL and Haldia Petrochemicals Limited, as the PP plants of the producers are in idled condition for maintenance purpose.  Traders, thus, apprehend that the prevailing shortage might result in the prices going up in the days to come.

Sluggish PVC demand continues in India on end-industries slowing down in rainy season

Depressed buying sentiment continues to prevail in Indian polymer markets in respect to the PVC material, which is subjected to weak demand, primarily due to slow-down in the end-industries. Predominant  PVC consumers: agriculture, construction industries have slowed down on account of the prevailing rainy season, resulting in demand for the raw material weakening, and the price going down as a result. Reliance Industries Limited lowered its PVC price in the last price revision, seemingly due to the sluggish market conditions apart from international price trend.

MEK price hikes due to limited availability of material in Indian market

Prices for Methyle Ethyle Ketone, a petro-chemical majorly used in the dyes stuff and ink industry increased extensively from the level of Rs 128 per kg to around Rs 140 per kg in the Delhi market on 1st September 2014. 

Upswing of IM HDPE, PP prices likely in Indian markets on short supply, less import shipments

Indian polymer markets are seeing shortage of the Injection Moulding materials of HDPE and PP due to the twin effects of shrinking supply from domestic producers and less import shipments reaching the country's shores. In the meantime, demand for the materials is also in the upswing as consumption from the houseware sector is strong. Market players say that exports of houseware products have increased, resulting in demand for the corresponding raw materials strengthening proportionally.