Indian markets continue to see dull PVC trading conditions, stable prices

Oct 28: PVC trading continued to remain lackluster in the major markets in India, amid availability of ample stocks and almost steady prices. Most PVC item manufacturers continued to procure their raw material on need-basis, and abstained from building up raw material inventories.A few buyers told that they expected further price-cuts by producers in the next price revisions. In the context of the prevailing market conditions in respect to the Vinyl-based polymer, a Mumbai-based trader told Indianpetrochem," There is no improvement in PVC purchases in the market, and the market condition is not likely to improve until Diwali." 
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Moderate PS demand prevails in Indian markets

Oct 25: Traders in the major markets in India expected demand for PS to strengthen after the Diwali festival as manufacturing activities are likely to gain momentum. The prevailing PS off-takes in the major markets in the country were of moderate levels, with prices not undergoing any major movement. A Mumbai-based trader told Indianpetrochem in the context of the prevailing market conditions," Demand for PS is currently moderate, but it is expected to rise after Diwali." 
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Toluene demand goes strong in Delhi market on active purchases by paint manufacturers

Oct 24: Traders in the Delhi market saw strong demand for Toluene on active off-takes by the paint industry. The ensuing Diwali festival has created robust demand for paints, resulting in paint manufacturers actively purchasing Toluene to cater to their production needs. As a matter of fact, Toluene is used as a principal solvent and also a thinner in paint production.
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PET price likely to go down in India on inactive trading conditions

Oct 23: PET trading conditions in India are not likely to improve but continue to remain dull tentatively up to the second week of November 2013. Discussions with several PET end-users revealed that they were in no mood to build up raw material inventories, which is a clear indication of demand for PET not likely to strengthen in the near term. PET price could thus be expected to decline in the country in the coming days. A trader in the Mumbai market told Indianpetrochem about the market conditions for PET," PET sales are continuing to be dull, but, I expect the sales to gain momentum only after Diwali." 

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Lackluster ABS trading persists in Indian markets; price not likely to go up

Oct 22: Weak demand conditions for ABS are likely to persist further in India, at least upto the second weak of November 2013, as there is no indication of strengthening of off-takes from the key end-users of ABS--automobile and appliance sectors, according to market participants. Demand conditions for the engineering polymer remained lackluster in the major markets in the country, similar to the conditions for commodity polymers. Articulating the prevailing trading situation, a trader in the Mumbai market told Indianpetrochem," ABS trading is slow in the market, but trading is likely to improve post Diwali."
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Producer price reductions, ample supply prompt some plastic item manufacturers to stock raw material inventories

Oct 21: Demand for polymers improved slightly today in the Delhi market, according to some traders in the market. But, the overall market conditions underwent no major improvement. Describing the prevailing market conditions, a trader in the market said," Polymer demand has improved slightly today, and that seems to be due to the recent price reductions by producers. But, there is no major fluctuation in polymer prices." A market research conducted by Indianpetrochem revealed that some plastic item manufacturers also started stocking raw material inventories, as supplies were ample and producers lowered their prices. A PE bag manufacturer told Indianpetrochem about his current raw material procuring practice," I am stocking raw material inventory to sustain my production for at least three weeks, as producers have not only lowered their prices and ensured price protections, but also ample supply is available." He further said," Since, no one can be sure of upto when supplies of the domestic producers would remain uninterrupted, I prefer to stock raw materials to ensure uninterrupted production in my factory."
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Weak demand conditions likely to further lower PVC price in India

Oct 18: Demand for PVC remained inactive in the major markets of India, and many traders did not foresee the demand to strengthen during this month. Demand for the polymer will strengthen only after commencement of agricultural activities, that will necessitate agricultural pipes, according to some traders. Agricultural pipes are mostly made of PVC. In the context of the market conditions for PVC, a Delhi-based trader told Indianpetrochem," PVC buying has not yet improved, demand conditions for the polymer are not likely to stregthen in this month."
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Buyers' sentiments remain bearish despite producers lowering prices

Oct 17: The price reductions by Indian polymer producers seem not resulted in invigorating buyers' sentiments. Bearish sentiments continued to persist among polymer buyers in the country after the price reductions. With effect from today, Reliance Industries Limited, Indian Oil Corporation Limited, Haldia Petrochemicals Limited and GAIL (India) Limited lowered their polymer prices. The rates of price reductions are available in the 'Indian Prices' section of the website. However, buyers seem not to change their raw material procurement strategy, subsequent to the price reductions, and preferred to procure their plastic raw material requirement on need-basis, at least for the near term. 
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EVA demand to pick up momentum in India in the next few days

Oct 15: Traders in the major markets in India expected demand for EVA to strengthen in the next few days. A Mumbai-based trader told Indianpetrochem," Demand for EVA is still sluggish, but it is likely to improve in the coming days." He further said,"With the appreciation of the INR, EVA price also underwent some moderation." 
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Strong Toluene demand prevails in Delhi, amid high price

 Oct 15: Demand for Toluene strengthened in the Delhi market despite the price remaining high as buyers resumed purchases to cater to their production needs. Toluene price did not undergo any moderation although the INR appreciated significantly. A trader in the Delhi market told Indianpetrochem," Big buyers have started purchasing Toluene in large quantities, as demand for their end-products became stronger. So, they are left with no other option but to purchase the aromatic regardless of the prevailing high price." 
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PET demand likely to strengthen in the coming days

Oct 14: PET purchases in Indian markets have not yet gained active momentum, and sellers continued to see moderate demand conditions. But, sellers expressed expectation of demand conditions strengthening in the next few days. An official of an Indian PET producer, in the context of prevailing market conditions, said," Demand for PET has not yet strengthened, however, demand conditions are likely to strengthen in the next few days." 
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PP price likely to decline further in India if INR continues to appreciate

Oct 11 : PP price in India will come down further if the INR continues to appreciate. Many PP buyers in the country postponed bulk purchases in the prospect of the INR strengthening further, which will also result in PP price declining.Traders in the major markets in the country told Indianpetrochem that most buyers preferred to purchase PP on need basis, and PP price will go down if the INR strengths further. The INR today strengthened upto 61.39 against the USD. 
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