Polymer Markets Navigate Heightened Global Risks
Domestic PET prices have increased by ₹2.50/kg, effective 24 August 2026.Meanwhile, global markets remain cautious as the U.S. prepares fresh sanctions against Iran. Iran’s warning to halt Persian Gulf oil exports has renewed concerns over supply and shipping through the Strait of Hormuz.📊 Market Snapshot🛢️ Crude Oil: $91.33/bbl ▼ 1.45%💱 USD/INR: ₹95.70 ▲ 0.02%Crude prices have eased due to profit booking, but supply disruptions and higher freight risks remain key concerns for polymer markets.📌 PolyMart PerspectivePET prices are already moving upward, while geopolitical uncertainty could keep polymer prices volatile.Buyers should purchase according to immediate requirements, maintain balanced inventory and closely monitor crude oil, USD/INR, Hormuz shipping conditions and further domestic price revisions.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.
