Polymer Market Weekly Report

India's polymer market remained firm during the week, with four of the five major polymer grades registering price increases. Market Highlights - PP Raffia PP Raffia closed at ₹144/kg, rising 1.77% week-on-week and 12.06% month-on-month. Despite recent gains, prices remain below the highs recorded earlier this year. - LLDPE LLDPE settled at ₹136.50/kg, increasing 1.11% during the week and 3.02% over the month. Prices continue to remain significantly above year-ago levels. - HDPE BM HDPE BM closed at ₹150.50/kg, posting a 1.35% weekly gain and the strongest annual increase among major polymers, up 75% compared to last year. - LDPE LDPE remained the highest-priced grade at ₹165/kg, advancing 1.85% week-on-week and 4.43% month-on-month. - PVC PVC closed at ₹82/kg, declining 1.20% during the week and 1.80% over the month. The grade continues to experience softer market conditions compared to other major polymers. Key Takeaways - Four out of five major polymer grades recorded weekly price increases. - PP Raffia registered the strongest monthly gain at 12.06%. - HDPE BM continued to lead annual growth with a 75% year-on-year increase. - PVC remained the only major polymer to post declines across weekly, monthly and quarterly comparisons. - Polymer prices across all major grades remain above year-ago levels, indicating a higher cost environment for the plastics value chain. Market Outlook Overall, the current market snapshot suggests a gradual shift from a tight and inflationary polymer market toward a more balanced market with improved availability and potentially softer pricing trends if crude oil remains under pressure.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.