Crude Jumps 3.7%, HDPE & LDPE Prices Rise
Brent Crude — Sharp Rise
$109.86/bbl | ▲ 3.7%
Weekly Change: ▲ 4.9%
Brent recorded its highest settlement since May, briefly touching $110/bbl. Middle East security concerns and attacks affecting Russian oil infrastructure raised fears of supply disruptions.
USD/INR — Rupee Strengthens
₹94.96/$ | 16 Oct Close
Weekly Rupee Gain: ~2%
RBI measures supported the rupee's recovery from near-record weakness. A stronger rupee may help reduce dollar-denominated polymer import costs.
China Polymer Futures — All Lower
16 October Closing | USD/MT
- PP: $1,236 ▼ $19
- LLDPE: $1,146 ▼ $29
- PVC: $643 ▼ $2
All three polymer futures closed lower, reflecting continued weakness in the Chinese futures market despite rising crude oil prices.
Domestic Polymer Price Revision
Effective: 17 October 2026
- HDPE — Pipe & IM: ▲ ₹2,000/MT
- LDPE — EC & IM: ▲ ₹3,000/MT
PolyMart Perspective
- Crude Oil Surge: Brent rises 3.7%, which may increase polymer production costs.
- Mixed Market Signals: China futures decline and the rupee strengthens, while domestic HDPE and LDPE prices increase.
- Smart Procurement: Compare grade-wise prices, monitor market changes and buy according to actual requirements.
Market Outlook
Crude ↑ | Rupee Strengthens | China Futures ↓ | Domestic PE ↑
PolyMart — Procure With Purpose.
Disclaimer:
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