The international Polymer market has shown some positive movement in terms of price of commodity and engineering polymers after a couple of months. Prices of Polyethylene (PE), Polypropylene (PP) and Polyvinyl Chloride (PVC) have moved up by USD 10-20 per metric tonne in all categories. The result of that is visible in the Indian polymer market as well, with all the Indian Polymer producers announcing unchanged price revision of polymers, while Mangalore Refinery and Petrochemical Limited (MRPL) have hike their Polypropylene (PP) basic price by Rs 1.20 per kg.
Firstly, the reason behind this positive movement is that the price of key feedstock .i.e. Ethylene , Propylene and Styrene was also assessed higher in the international key Asian regions and secondly, the slightly improved buying and demand helped in lifting the price in the global market. From conversations with traders, Indianpetrochem gathered that demand for the PVC has noticeably improved and end users have begun to make some profitable purchase for manufacturing products such as pipes and fitting apart from other small units.
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