Crude Holds Above $107 | PVC & PET Prices Move Higher
Higher crude oil prices and fresh domestic revisions are keeping the polymer market firm.
Market Snapshot
🛢️ Crude Oil: $107.32/bbl ▲ 1.55%
đź’± USD/INR: â‚ą95.89 â–˛ 0.06%
Domestic Polymer Price Update
PVC
- High K (67): â–˛ â‚ą3,000/MT
- Low K (57): â–˛ â‚ą4,000/MT
- Very High K (70): â–˛ â‚ą4,000/MT
PET
- Price increase: â–˛ â‚ą4,500/MT
Why Is the Market Firm?
- Middle East tensions continue to raise concerns about crude-oil supplies.
- Risks surrounding major oil and shipping routes remain elevated.
- Higher crude prices and a firm USD/INR may increase polymer replacement costs.
- The latest PVC and PET revisions are supporting firm domestic market sentiment.
PolyMart Perspective
- Buy to requirement: Plan purchases according to confirmed production needs.
- Maintain balanced stock: Avoid excess inventory and urgent last-minute buying.
- Track key indicators: Monitor crude oil, USD/INR and domestic producer announcements.
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.
