28 August: PVC sales in Indian polymer markets continued to remain subdued as price of the polymer remained high. A Mumbai-based trader told Indianpetrochem," There is no improvement in PVC sales as the price continue to remain high." He further said," PVC imports are also dull as the current international PVC offers to India are at high rates, and the weak INR is pushing landed costs of imports higher."
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28 August: Strong demand for Ortho Xylene and Mixed Xylene prevailed in the Mumbai market today, despite rise in prices of the aromatics. In the Mumbai market today, Mixed Xylene was sold at Rs 95 a litre, and Ortho Xylene was sold at Rs 108 a litre. A Mumbai-based trader told Indianpetrochem," Sales of Ortho Xylene and Mixed Xylene are strong as these are used as solvents in many industries on a regular basis, and hence, rise in prices of the aromatic variants does not impact sales."
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27 August: EVA sales continued to be inactive in the major polymer markets in India as price of the polymer remained high. A Mumbai-based trader told Indianpetrochem,"EVA sales are less as the price is high." In the Mumbai market today, EVA was sold at Rs 126 a kg.
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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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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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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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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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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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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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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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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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