Crude Stays Elevated, China Polymer Futures Move Slightly Higher

Crude remains elevated, while China polymer futures recorded modest gains across PP, LLDPE and PVC.

GLOBAL MARKET

🛢️ Brent Crude: $103.73/bbl ▲ 1.11%

💱 USD/INR: ~₹96/$ ▲ 0.18%

Crude remains elevated amid ongoing geopolitical uncertainty, while the rupee's weakness continues to keep import costs under pressure.

CHINA POLYMER FUTURES

All three tracked polymer futures closed higher.

PP        $1,146 ▲ $12

LLDPE  $1,094 ▲ $12

PVC     $640 ▲ $9

WHY USD/INR MATTERS

A weaker rupee increases the landed cost of imported polymers, even when international prices remain unchanged.

For a $1,000/MT polymer:

• At ₹94/$ → ₹94,000/MT
• At ₹96/$ → ₹96,000/MT

Difference: ₹2,000/MT

POLYMART PERSPECTIVE

• Crude remains volatile around $104.
• China futures indicate a positive movement across PP, LLDPE and PVC.
• Currency pressure continues to influence import replacement costs.

PolyMart — Procure With Purpose.

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