Domestic Polymer Prices Rise, But Below Market Expectations

Domestic polymer producers have announced price increases across major polymer grades. However, the revisions were lower than market expectations despite firm global crude oil prices and continued geopolitical concerns surrounding the Strait of Hormuz.Domestic Price Revisions in IndiaReliance Industries Limited• PP: ▲ ₹2,500/MT• HDPE: ▲ ₹1,000/MT• LLDPE: ▲ ₹2,000/MT• LDPE: ▲ ₹1,500/MT• PVC: ▲ ₹2,000/MTIndian Oil Corporation (IOC)• HDPE: ▲ ₹1,000/MT• LLDPE: ▲ ₹2,000/MT• PP Homo: ▲ ₹2,500/MT• PP Co-Polymer: ▲ ₹3,500/MTMarket Indicator• 🛢️ Brent Crude: USD 96.04/bbl (+2.09%)• 💱 USD/INR: ₹96.584 (+0.37%)PolyMart Perspective• Global market sentiment remains firm, but domestic price increases were more moderate than anticipated.• Weak demand and the seasonal slowdown during the monsoon limited the extent of price revisions.• Cash flow constraints and cautious buying continue to weigh on overall market activity.• Open market prices may witness some correction in the near term as supply and demand rebalance.• Businesses should maintain balanced inventory levels to manage any potential supply disruptions or market volatility.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.