China Futures Weak, Crude Softens; RIL Announces HDPE & LLDPE Price Protection

China polymer futures closed lower on 18 June 2026, with PP at USD 1,001/MT (-38), LLDPE at USD 943/MT (-32) and PVC at USD 604/MT (-6), reflecting cautious market sentiment. RIL has announced price protection on HDPE, LLDPE and PVC grades effective 18 June 2026, valid until the next price revision, providing near-term support to buyers. Meanwhile, Brent crude oil eased to around USD 76/bbl as geopolitical risk premiums declined following the US-Iran interim agreement and gradual reopening of the Strait of Hormuz. The Indian Rupee strengthened against the US Dollar, with USD/INR at ₹94.33, improving import parity and supporting favourable landed costs for imported polymers. *Market Outlook* HDPE/LLDPE: Soft to Bearish PP: Soft to Bearish PVC: Soft to Bearish *PolyMart Suggestion* Maintain inventory based on immediate requirements and avoid aggressive stock building. Monitor upcoming producer price revisions and crude oil movements, as softer global fundamentals may continue to influence polymer pricing in the near term.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.