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.
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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.
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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.
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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.

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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.

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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.

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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.

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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. 
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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. 
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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." 

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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.) 

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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.
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