Taking weak cues from the global petrochemical
market has resulted in the slackening demand of products from the plastic industries.
It is not difficult to conjecture that the continuous fall in Polymer material
price and the weakening trend in global market is on account of low crude oil prices
and most of the plants were offline due to maintenance turnaround, observe
polymer traders. Internationally, eroding demand for the polymer kept up
considerable pressure on the price. Besides, slackened demand from end users
too pulled down polymer prices.
In the international market, price of
all grades of Polypropylene (PP) slumped by USD 20-30 per metric tonne, while
price of all grades of Polyethylene has plunged by USD 10-15 per metric tonne.
EVA one of the products of Ethylene, namely,
Ethylene Vinyl Acetate (EVA) is moving through thin trading atmosphere in the domestic
polymer market. Ethylene Vinyl Acetate (EVA) price however has hiked in the
market because of firstly, the increasing Ethylene price and secondly, due to suppliers
not offering 18% EVA resin, which is the main component in making shoe soles.
