Crude Gains 17% in a Month; PET and China Futures Move Higher
The polymer market continues to face stronger cost signals as crude oil approaches the $98/bbl mark, domestic PET prices increase and China polymer futures move higher.
Domestic PET Price Update
PET prices have been increased by â‚ą3,000/MT, effective 8 September 2026.
The revision comes amid rising crude oil prices and a firmer cost environment.
Market Snapshot
USD/INR: â‚ą94.67 | â–˛ 0.20%
Brent Oil: $98.10/bbl | â–˛ 1.13%
Crude Oil Trend
- Brent Oil: $98.10/bbl
- Daily Change: â–˛ 1.13%
- 8 August: $83.55/bbl
- 8 September: $98.10/bbl
- Monthly Increase: â–˛ $14.55/bbl | +17.41%
Brent gained over 17% in one month, increasing feedstock and freight cost pressure.
China Polymer Futures | 29 August–7 September
- PP: $1,052 → $1,128/MT | ▲ $76 | +7.22%
- LLDPE: $1,017 → $1,101/MT | ▲ $84 | +8.26%
- PVC: $603 → $675/MT | ▲ $72 | +11.94%
China futures moved higher over the last ten days, adding support to the firmer global market sentiment.
PolyMart Perspective
- PET revision reflects rising domestic cost pressure.
- Stronger crude and China futures support firmer market sentiment.
- Maintain balanced inventory and monitor fresh producer revisions.
PolyMart – Procure With Purpose.
Disclaimer:
PolyMart does not offer guarantees regarding the accuracy, reliability, or completeness of the information provided on its platform. Users are advised to independently verify any data before relying on it for decision-making purposes.
