Toluene price declines in Delhi on availability of excessive market stocks

24 Jun :  Toluene price in the Delhi market has been exhibiting a declining trend over the last few days. Traders attributed the declining trend to availability of excessive stocks. Toluene today was sold in the Delhi market at Rs 83.50 a litre.
For more details click here>>

Sluggish market conditions persists in India as polymer prices remain high
22 Jun :  Sluggish conditions continued to prevail in the Indian polymer markets. Traders in the major markets in the country told the website that the trading atmosphere was lackluster, and polymer prices remained almost at around the previous rates. They attributed the dull trading atmosphere to prevalence of high polymer prices and the INR remaining in significantly weak against the USD.
For more details click here>>

IOCL bids for HPL's stake, polymer supply situation to improve if successful
20 Jun :  Polymer supplies in India will be more streamlined if Indian Oil Corporation Limited (IOCL) wins the 33.99% stake of the West Bengal government in the financially constrained petrochemical producer: Haldia Petrochemicals Limited (HPL). State-run IOCL is in the process of bidding for the stake of the state government in HPL, among other contenders, like Reliance Industries Limited, Essar Oil Limited and Oil and Natural Gas Commission. IOCL is already a stake-holder of HPL with 8.89 percent equity holding.
For more details click here>>

Indian producers might further raise their polymer prices as imports becoming costlier

 21 Jun :  PE, PP and PVC prices in India are likely to further escalate, if the recent increases in the Asian prices are considered as potential indications. With the polymer prices going higher in the nearby countries and the INR remaining significantly depreciated at record levels, buyers are most likely to abandon their import plans, and would tend to purchase their plastic raw material requirements from the domestic markets. To add to their raw material cost pressure, the recent international offers to India are also at high rates. The recent PVC offers from Taiwan and South Korea are at considerably high rates of $1,040 per metric tonne and $1,060 per metric tonne respectively, and the prices of the imminent offers of PE and PP are also expected to be at high rates.

For more details click here>>

PP demand in India to stay firm in the near term
19 Jun :  In India, demand for PP could be expected to remain firm in the near term as most PP item manufacturers in the country have no plan for curtailing their production volumes in the coming days, although plastic raw material cost pressure is high on account of prevalence of high PP prices. This indicates that demand for the PP material in the country's polymer markets will remain firm in the near future.

For more details click here>>

High polymer prices continue dampen market conditions in India; Asian HDPE, PP prices go up

18 Jun :  Prevalence of high polymer prices continued to dampen demand conditions in the major markets in India. Traders in the Delhi and Mumbai markets told the website that they experienced inactive sales due to prices of polymers being high. Prevalence of high polymer prices continued to keep buyers adhere to need-based purchases.

For more details click here>>

LDPE, PP short in the Ahmedabad market; Sluggish conditions persist in Indian markets
17 Jun : The Ahmedabad market today saw active polymer purchases that also led stocks of LDPE and PP dwindle in the market. PE, PP and PVC prices in the market did not undergo any change from the rates prevailed yesterday. In the market today, HDPE (Blow Moulding) was sold at Rs 105 a kg; LDPE (Film) at Rs 115 a kg; LLDPE (Film) at Rs 112 a kg; PVC at Rs 81 a kg; and PP (Film) at Rs 113.5 a kg.

For more details click here>>

BPCL's Kochi Refinery expansion project to raise Propylene, Benzene and Toluene capacities in India
15 Jun :  Propylene, Benzene and Toluene capacities are set to rise in India with the state-run petroleum major, Bharat Petroleum Corporation Limited (BPCL), proceeding ahead with its refining capacity expansion project at its existing refinery at Kochi in Kerala. BPCL is expanding the refining capacity of its Kochi Refinery from 9.5 million metric tonne per annum (MMTPA) to15.5 MMTPA. Subsequent to completion of the capacity expansion project, the company's Propylene, Benzene and Toluene production capacities will reach 503 kilo tonne per annum (KTPA), 87.2 KTPA and 65 KTPA respectively. 
For more details click here>>

Polymer buying strengthens in some Indian markets, amid high prices
15 Jun :  The plastic item manufacturers in India were left with no other option but to purchase their raw material requirements from the local markets as imports were costly. The manufacturers preferred to procure their raw material requirements from the domestic markets although polymer prices were high. 
For more details click here>>

Need-based buying keeps Indian markets sluggish

14 Jun :  Need-based polymer purchases kept buying momentum low in the major markets in India. Most plastic item manufacturers in the country abstained from purchasing their raw materials in excess of their requirements due to prevalence of high prices of polymers. A Delhi-based PP tem manufacturer said," I am not storing PP inventories as prices are high, I am purchasing my PP requirements from the local market." 

For more details click here>>

Producer-price hike turns Indian polymer buyers' sentiments more bearish

13 Jun :  Lackluster conditions today prevailed in many Indian polymer markets as buyers' sentiments turned more bearish due to producers in the country further raising their ex-works polymer prices. Reliance Industries Limited increased its HDPE, LDPE, LLDPE, PP, PVC and EVA prices. Indian Oil Corporation Limited hiked its HDPE, LLDPE and PP prices. Haldia Petrochemicals Limited raised its HDPE, LLDPE and PP prices. And, GAIL increased its HDPE and LLDPE prices. (The respective rates of price hikes are available in the Domestic Prices section of the website.) 

For more details click here>>

Weak Xylene demand prevails in Delhi
12 Jun : In the Delhi market, demand for Xylene have been weak during the last few days, as traders said. The latest prices of Mixed Xylene and Para Xylene in the Delhi market exhibited a declining trend, primarily driven by weak demand conditions.
For more details click here>>

Toluene price dips in Delhi amid strong demand
11 Jun :  In the Delhi market, Toluene price has been exhibiting a declining trend during the last few days despite prevalence of strong demand conditions. The decline in Toluene prices in the market of the country has been due to influence of declining Asian prices during the last few days.
For more details click here>>

Sluggish conditions prevails in Indian markets on prevalence of high prices
10 Jun : Prevalence of high polymer prices and the highly depreciated INR restricted Indian polymer buyers to purchase plastic raw materials in excess of their requirements that kept the major markets in the country in lackluster conditions.
For more details click here>>

Indian polymer buyers preferring domestic purchases as INR continues to remain depreciated
08 Jun : The INR remaining considerably depreciated against the USD have been posing as a strong hurdle to Indian polymer buyers in importing polymers from outside the country. A Mumbai-based importer, when asked about the current import practices of Indian polymer buyers, said," Highly depreciated INR alongwith high polymer prices in international markets have prevented the Indian buyers from procuring plastic raw materials from international sources." He further said," Buyers are currently preferring the domestic markets for their polymer purchases." 
 For more details click here>>

PE, PP prices go up in Delhi market amid sluggish demand conditions

07 Jun : Traders in the Delhi market today saw inactive buying activities for the PP material, and they attributed the inactiveness in the buying momentum to prevalence of high PP prices in the market. Amid lackluster market conditions, traders in the market today raised PP prices. Today, prices of the Raffia and Injection Moulding grades of the PP material were higher by Rs 1.5 a kg and Rs 2 a kg respectively, at Rs 107.50 a kg and Rs 108 a kg respectively.

For more details click here>>

RIL's ongoing capacity expansion projects to enhance India's petrochemical availability in the near future
06 June : Reliance Industries Limited (RIL) is implementing a series of large petrochemical capacity expansion projects, which on going on-stream, will not only enhance domestic petrochemical availability substantially but also will posit the company among the top petrochemical producers in the world.
For more details click here>>

Inactive demand conditions, lean price fluctuations prevail in Indian polymer markets
06 June : Inactive demand conditions prevailed in the major Indian markets today, and no major price fluctuation was reported from any of the markets. PE, PP and PVC prices remained almost at the previous rates. Traders in the major markets in the country attributed the contraction in demand conditions to prevalence of high polymer prices.

 For more details click here>>

PP, PVC prices rise in SEA; Indian prices to remain at high rates
05 June : Indian polymer buyers continue to see polymer prices in the nearby countries rising further. In the major Indian markets today, PE, PP and PVC continued to remain at high rates, undergoing minimal fluctuations from the previous rates.
For more details click here>>

High prices keep demand conditions sluggish in Indian polymer market

05 June : Prevalence of high polymer prices in the major Indian market kept buyers away from active purchases that resulted in traders seeing sluggish demand conditions.

For more details click here>>

Indian plastic item manufacturers sustaining severe raw material cost pressure
04 Jun :  Prevalence of high polymer prices were imparting severe raw material cost pressure on plastic item manufacturers in India. Several plastic item manufacturers in the country told the website that their raw material cost pressure increased significantly, and they were considering to raise prices of their end-products to pass on the increasing raw material costs to customers. 
For more details click here>>

High prices weaken demand in the Delhi market
03 Jun :  Traders in the Delhi market today saw dull demand conditions as prevalence of high prices kept buyers away from purchasing polymers.  A trader in the Delhi market told the website, "Demand conditions are dull today as prices are high." 
For more details click here>>

PE, PP, PVC market prices go up in Indian markets; PP, LDPE, LLDPE short in some Indian markets
01 Jun : The recent price hikes by Indian producers are indicative of open market prices in the country going up further. Reliance Industries Limited hiked its PE, PP, PVC and EVA prices, and Indian Oil Corporation Limited raised its PE and PP prices. The rates of producer-price hikes are available in the Domestic Prices section of the website.
For more details click here>>

Delhi market sees active demand conditions; HDPE, LDPE stocks short
31 May : In the Delhi market today, strong demand conditions prevailed, and market prices of PE, PP and PVC went up from the rates prevailed yesterday. A trader in the market also told the website that stocks of HDPE and LDPE were less due to non-receipt of supplies from suppliers. 
For more details click here>>