Crude Eases From 5-Month High, China Polymer Futures Mixed
Crude remains elevated, USD/INR adds import-cost pressure, and China futures show mixed movement across PP, LLDPE and PVC.
Global Market
🛢️ Brent Crude Oil: $110.45/bbl 🔻1.5%
💵 USD/INR: ₹94.54/$ 🔺0.20%
Crude oil eased after touching a 5-month high as US–Iran mediation talks progressed. Rising Russian diesel exports also helped ease supply concerns.
Meanwhile, the rupee weakened slightly, which may increase imported polymer costs.
China Polymer Futures
- PP: $1,236 🔻$4
- LLDPE: $1,146 🔺$4
- PVC: $643 🔺$10
China polymer futures showed mixed movement. PP declined, while LLDPE and PVC gained.
PolyMart Perspective
· Global Market: Crude remains elevated despite the recent decline. Geopolitical developments may keep prices volatile.
· Market Signals: Mixed China futures and a weaker rupee may influence imported polymer prices.
· Buyer Outlook: Track crude, currency and domestic price revisions. Maintain moderate inventory and procure based on actual requirements.
PolyMart — Procure With Purpose.
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