Slipping Crude Oil price in the International market and Downward movement of polymer prices in Domestic market have ceased End users to purchase material. They are purchasing only on need basis or adapting wait and watch mode. The OPEC members and Russia are not ready to cut production rate. One of the other reason which is also accountable is demand supply gap. Oversupply of crude Oil is exceeding demand sentiments as the consequence of it crude oil prices are going down.
