PP price protections in India fail to invigorate buyers' sentiments

30 July: The latest price protection for PP by Indian producers failed to invigorate buying sentiments among buyers in the country. Buyers' sentiments remained bearish that led traders in the country continue to see  sluggish market conditions. However, the price protections can also be considered as firm indications of the producers not increasing their PP prices in the imminent price revisions. 
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PET prices to remain stable in the near term

29 July: In India, PET prices are not expected to rise or fall considerably in the near term, but is expected remain stable. Currently, PET is priced by a leading producer in the country at Rs 110 a kg (basic). In the prevailing market scenario, sellers are not experiencing robust PET sales as manufacturing activities have gone down in the country. 
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High Styrene cost keeps PS prices high in India; PS buying momentum likely to strengthen in the coming days

26 July: Prices of GPPS and HIPS have remained high in India due to cost of the principal feedstock--Styrene--remaining costlier in international markets. The latest GPPS and HIPS prices in the major markets in the country were at around Rs 145 a kg and Rs 150 a kg respectively, which are clearly high to impart severe raw material cost pressure on PS item manufacturers in the country. In the context of the prevailing PS prices at high rates, an official of an Indian PS producer told the website," The underlying reason for GPPS and HIPS prices prevailing at high rates in India is Styrene becoming costlier in the international markets." He further said," The depreciation of the INR against the USD also compounded to Styrene price pressure, resulting in inflation of PS prices in India." 
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High polymer prices continue to restrict traders from seeing active sales

25 July: Traders in the major markets in India told the website that they achieved very less polymer sales today as the prevailing polymer prices were at high rates. And there were many of them who told that their sales were almost nil. Buyers restricted themselves from purchasing plastic raw materials in excess of their immediate requirements due to the obvious reason. 
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PP, PVC prices soften in SEA; LDPE, LLDPE prices up

24 July: In what could be regarded as good news for Indian polymer buyers, the latest prices of PP and PVC have declined in the South East Asian (SEA) region. The price declines indicate that there is no likelihood of Indian producers further raising their ex-works PP and PVC prices in their next price revisions. 
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PVC buying momentum in Indian markets likely to strengthen in the coming days

23 July: Traders in Indian markets are likely to see buying momentum for PVC strengthening in the coming days as many PVC item manufacturers (especially PVC pipe manufacturers) were observed to carry out active manufacturing activities at their works. In the polymer markets of the country, buying activities are currently lackluster due to polymer prices at high rates. But, the ongoing manufacturing activities indicate that PVC requirements for the manufacturers will increase in the coming days that will necessitate active purchases of the polymer. 
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Strong Benzene and Toluene demand prevails in Delhi

22 July: Strong demand for Benzene and Toluene was reported to prevail in the Delhi market. Prices of Benzene and Toluene also did not undergo any major variation in the market, as traders in the market told the website. According to the market inputs received, Benzene and Toluene were sold in the market today at Rs 77.50 a litre and Rs 80.50 a litre respectively. 
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Polymer prices undergo minimal fluctuation in Indian markets

19 July: Sluggish conditions continued to prevail in Indian polymer markets,with high polymer prices imparting severe raw material cost pressure on plastic item manufacturers. 
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EVA price falls in Delhi on availability of ample stocks
18 July: Buying activities gained momentum in the Delhi market today, with high polymer prices continuing to prevail. Plastic item manufacturers seem to have no other option but to purchase their raw material requirements to keep their manufacturing activities intact, sustaining severe raw material cost pressure.
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PE,PP,PVC prices rise in South East Asia; Indian prices continued to remain high
17 July: PE, PP and PVC prices in the South East Asian region again moved up, resulting in polymer markets in the nearby countries remaining costly for Indian polymer buyers. A market participant informed the website that prices of the Raffia, Injection Moulding and Film grades of PP in the South East Asian region went up by $10 per metric tonne, $10 per metric tonne and $15 per metric tonne respectively; LDPE (Film) price moved up in the region by $15 per metric tonne, and LLDE (Film) price went up by $20 per metric tonne; the Yarn,Blow Moulding/Injection Moulding and Film grades of HDPE in the region moved up by  $5 per metric tonne, $20 per metric tonne and $10 per metric tonne. Also, PVC price went up by $10 per metric tonne in the region. 
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Indian polymer markets continue to see almost steady prices

16 July:  PE, PP and PVC prices in Indian polymer markets remained almost at around the previous rates, amid sluggish trading atmosphere, dominated by high prices.
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Polymer prices in Indian markets remains stable on sluggish market conditions

15 July: The major polymer markets in India continued to see sluggish conditions. Buying momentum remained weak due to prevalence of high polymer prices.
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Indian polymer markets continue to see sluggish conditions, lean price fluctuations

13 July: The weekend saw no improvement in buying activities in the polymer markets in India. Traders in many markets in the country told the website that the markets continued to remain sluggish due to prevalence of high polymer prices.
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EVA stocks depletes in Ludhina,PP stocks dwindle in Chennai

12 July: High polymer prices continued to keep market conditions sluggish in India. In the Ludhiana market, a trader told the website that EVA stocks were short in the market that resulted in EVA price in that market going up to Rs 130 a kg. The trader further told that LDPE (Film) stocks in the market were high, due to which the price went down to Rs 114 a kg.
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Producer price hikes turn buyers'sentiments more bearish

11 July: Sluggish conditions continued to prevail in the Indian polymer markets, and polymer prices in the markets remained almost identical with the previous rates, undergoing minimal movements. Buyers' sentiments also turned more bearish after the latest price increments of Reliance Industries Limited and Indian Oil Corportaion Limited.

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South East Asian region sees rising PE prices, falling PP prices

10 July: The latest price movements for PP in the South East Asian region could be regarded as good news for Indian polymer buyers, but the news regarding price movement for PE in the region could be regarded as otherwise. 

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LDPE, LLDPE, PP stocks short in Ahmedabad market; Sluggish market conditions continues

09 July: In the Ahmedabad market today, stocks of LDPE,LLDPE and PP were reported to deplete due to disrupted supplies from producers, traders in the market told the website. Also, EVA stocks in the Ludhiana market today also became less due to non-reciept of fresh supplies from Reliance Industries Limited (RIL), according to a trader in the market. 
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High prices and weak INR keep polymer market activities inactive in India

08 July: The major polymer markets in India continued to see inactive buying activities due to polymer prices continuing to remain at high rates.In the major markets in the country, prices of PE, PP and PVC remained at the previous rates, undergoing minimal fluctuations. 
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Indian markets see strong PET demand

06 July: Demand for PET remains strong in Indian markets, according traders contacted. The traders told the website that PET off-takes were active as manufacturers carried out full-fledged manufacturing activities at their works. 
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HDPE demand in Indian polymer markets to strengthen in the coming days

05 July: Buying momentum for HDPE could be expected to gain momentum in Indian markets in the coming days as many HDPE bag manufacturers were reported to carry out normal operations in their works. Many HDPE bag manufacturers in Delhi told the website that they were carrying out normal manufacturing activities, and that will necessitate  purchases of raw materials (HDPE) in the coming days. Demand for HDPE could thus be expected to strengthen in the near term, although traders in the major polymer markets in the country are seeing sluggish demand conditions these days due to prevalence of high polymer prices. 
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Slow down in end-user industries, high prices lowering ABS demand in India

04 July: Slow-down in key industries, like automobiles and appliances, in India has lowered demand for ABS in India. Moreover, the prevailing ABS prices in Indian market are at high rates, also responsible for prevalence of moderate demand conditions for the engineering polymer in the country. In regard to the prevailing market conditions for the polymer, an official of an Indian ABS producer said," Demand for ABS is moderate in India, and that is due to certain sectors, like automobiles and appliances slowing down in the country."
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High polymer prices to raise plastic item prices in India; Polymer demand in the country to gain momentum

03 July:  Prevalence of high polymer prices in Indian markets is most likely to result in plastic items becoming costlier as many plastic item manufacturers have decided to increase prices of their end-products to pass on rising raw material costs to customers. Many such manufacturers also apprehended slowing down of their businesses as they felt that demand for their products is likely to slacken after they hike prices of their products.
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PVC prices in Indian markets shoot up remarkably after RIL's price hike

02 July: PVC prices in polymer markets in India have gone extremely high after Reliance Industries Limited's (RIL) price hike yesterday. The Delhi, Mumbai, Chennai and Kolkata markets today saw PVC prices at Rs 83 a kg, Rs 81 a kg, Rs 83 a kg and Rs 84 a kg respectively. A trader in the Chennai market told the website," PVC price today has gone up to Rs 83 a kg, after RIL further raising its price yesterday." He also told," PVC material is also short in the market that has contributed to the price rise in the market."
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Polymer buyers' sentiments turns more bearish after producer price hikes; Plastic product prices to go up

01 July :  The producer price hikes, today, are most likely to result in plastic products becoming costlier in India as plastic item manufactures in the country are left with no other option but to increase prices of their end-products to pass on the rising raw material costs to customers. The major polymer markets in the country saw very lackluster trading activities today as buyers abstained from purchasing plastic raw materials after the producer price hikes. A Delhi-based trader told the website," Today, the market is very inert. I have not yet accomplished any polymer sale today." 
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Indian producers likely to raise their polymer prices in the imminent price revisions

29 June: The most pertinent question today in the polymer markets of India is: what will be the next price revisions of Indian producers? Will the producers in the country hike or roll-over their polymer prices in the upcoming price revisions? In this regard, several traders across the country were asked to reveal their views on the possible directions of price revisions by producers. Majority of the traders said that they expected producers to raise their prices, while, some of them said that they expected producers to roll over their prices.
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PVC demand is likely to strengthen in Indian markets

28 June: PVC buying momentum in Indian markets is likely to strengthen in the next few days as the current PVC offers to India are at significantly high rates to restrict buyers in the country from booking imports but to purchase locally. Several PVC pipe manufacturers across the country, with whom their PVC import preferences were discussed, said that they will not book any PVC import against the latest offers for July 2013 shipments as the offers were not only at considerably high rates but also the INR depreciated extensively. The current PVC offers to India from Taiwan and South Korea are at $1,040 per metric tonne and $1,060 per metric tonne.
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Sluggish market conditions continue in India; LDPE stocks short in Ahmedabad

27 June: Trading conditions in Indian polymer markets continued to remain sluggish, caused by prevalence of high polymer prices. A trader in the Ahmedabad market told the website that stocks of the LDPE material were short in the market, amid dull trading atmosphere.

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Lackluster conditions persist in Indian polymer markets on prices remaining high

26 June: Trading conditions in Indian polymer markets continued to remain lackluster due to prevalence of high polymer prices. Most buyers thus kept away from purchasing their plastic raw material requirements that led to prevalence of thin trading atmosphere in polymer markets in the country. 
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Benzene price in Delhi exhibits declining trend on low demand

25 Jun: Benzene price in the Delhi market declined continuously during the last few days due to prevalence of low demand in the market, as traders in the market said. In the market today, Benzene was sold at Rs 78 a litre, which was considerably lower than the price at Rs 85 a litre, on June 17, 2013. 
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