Crude Stays Elevated, China Polymer Futures End September Higher
Crude Stays Elevated, China Polymer Futures End September Higher
Oil remains above $100 amid supply concerns, while PP, LLDPE and PVC futures show monthly gains.
Market Snapshot
🛢️ Brent Crude
$102.07/bbl â–Ľ 0.23%
đź’± USD/INR
â‚ą96.48 â–˛ 0.39%
The rupee remains around the â‚ą96.5/$ level; live market data also showed USD/INR around â‚ą96.49, up roughly 0.39% at the captured quote.
Global Market
Oil Remains Above $100
- Oil prices remain elevated amid Middle East supply and shipping risks.
- Crude flows through the Strait of Hormuz have recovered significantly.
- Refined-product flows remain disrupted.
- Continued attacks on Russian refineries are adding pressure to global fuel markets.
MARKET SIGNAL → Energy and feedstock costs remain sensitive to global supply developments.
China Polymer Futures
All Three End The Month Higher
PP $1,101 → $1,140 | ▲ $39
LLDPE $1,070 → $1,083 | ▲ $13
PVC $644 → $660 | ▲ $16
Pp leads the monthly move
PP recorded the largest increase among the three, rising $39/MT during September.
PolyMart Perspective
• Crude remains elevated
• China futures have slightly moved higher
• a weaker rupee adds to landed costs
• For buyers: Purchase according to requirement and compare domestic
prices vs import costs before taking larger positions.
PolyMart — Procure With Purpose.
Disclaimer:
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