Global Polymer Futures Decline While Import Duty Extension - Appears Unlikely

Global polymer sentiment remained soft as Chinese futures weakened on 26 June 2026 alongside stable crude oil prices. Brent crude traded at USD 74.41/bbl, while the Indian Rupee remained stable at ₹94.64/USD, supporting import economics. Polymer China Futures 🟢 PP: USD 926/MT (-36)🟢 LLDPE: USD 894/MT (-23)🟢 PVC: USD 582/MT (-3) Market sources indicate PP offers from China for July shipment are being discussed around USD 1,100/MT. These are early market indications and actual transaction prices may vary depending on negotiations and availability. Meanwhile, industry expectations suggest that the Government of India is unlikely to extend the temporary import duty exemption on polymers beyond its current expiry. During the period of elevated crude oil prices, the government and domestic oil companies absorbed a significant portion of the cost to limit inflation. With crude prices now returning closer to pre-conflict levels, continuation of the duty relief appears less likely. PolyMart Market Outlook (Short to Medium Term) PP: SoftHDPE / LLDPE: Soft to BearishPVC: Soft to Bearish PolyMart Advisory - Purchase polymers based on immediate production requirements.- Avoid building excess inventories until policy clarity emerges.- Closely monitor import duty announcements and international offer levels.- Track crude oil and currency movements before taking bulk buying decisions. PolyMart — Procure with PurposeDisclaimer: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.