Crude Rebounds Above $105 as China Polymer Futures Rise

Crude oil has recovered sharply from recent lows, while China polymer futures moved higher across PP, LLDPE and PVC, bringing firmer signals back into the polymer market.

Market Snapshot

🛢️ Brent Crude: $105.59/bbl ▼ 0.95%
💱 USD/INR: ₹96.05 ▼ 0.03%

Despite the latest decline, Brent remains above $105/bbl. Crude had fallen to $99.25/bbl on 22 September, before rebounding to $106.60/bbl on 24 September and then easing.

China Polymer Futures Move Higher

China polymer futures closed higher on 24 September compared with 23 September.

·         PP: $1,140/ton | ▲ $34

·         LLDPE: $1,088/ton | ▲ $21

·         PVC: $634/ton | ▲ $4

PP recorded the strongest increase, while LLDPE also posted a notable recovery. PVC moved marginally higher.

PolyMart Perspective

🛢️ Crude Above $105
Energy and feedstock costs remain in focus after the recent crude rebound.

📈 China Futures Higher
PP, LLDPE and PVC futures have recovered after recent weakness, bringing firmer sentiment into the market.

🛒 Buyers: Stay Cautious
Watch fresh import offers, landed costs and domestic producer revisions before taking larger positions.

PolyMart — Procure With Purpose.

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