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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