Polymers & Packaging News Today

PVC K67 prices in Mundra range from ₹64,500 to ₹68,750/MT, with Chinese SG5 grades leading on price. Despite strong 10% YoY demand growth, oversupply and Chinese dumping have pressured international prices, now 25% lower than FY 2022–23. India’s PVC market is poised for structural change, with BIS certification and anti-dumping duties kicking in by mid-2025.

In the first week of June 2025, polyethylene (PE) product prices remained largely stable across LDPE, LLDPE, and HDPE categories. Downstream demand from agricultural and packaging films remained supportive, but segments like raffia and injection moulding showed weaker activity. HDPE supply constraints continue due to maintenance shutdowns. Market sentiment suggests limited price upside without stronger demand or feedstock cost increases.

HDPE prices across Asian markets remained mostly unchanged this week. In India, subdued demand and limited spot imports kept the market quiet, with expectations of better domestic supply from upcoming plant restarts. With monsoon season approaching and Eid holidays nearing in the Middle East, market sentiment remains cautious and volumes tight.

PP prices in Delhi remain steady, with PPCP random grades peaking at ₹1,09,000/MT. Chinese PP prices dipped 0.74% in May, reflecting stable but subdued demand. While supply remains ample with upcoming capacity additions, off-season demand and high inventories are capping price momentum. Market expected to stay in consolidation.

Chinese PET bottle chip prices saw sharp fluctuations in May 2025, rising to ¥6,185/ton mid-month due to crude and feedstock gains, then easing to ¥6,077/ton amid supply pressure. High inventories, policy uncertainty, and weak demand kept recovery in check. A seasonal uptick may occur if beverage demand strengthens.

Brazil’s polyethylene (PE) market is experiencing a surge in prices and demand amid expectations of antidumping duties (ADDs) on US and Canadian imports. Domestic supply remains tight, and distributors are passing on cost increases. Gecex is set to decide on ADDs by 29 May, potentially reshaping Brazil’s import dynamics.

Resin trading, especially polyethylene (PE), increased due to the US-China tariff truce. Spot resin prices for PE and polypropylene (PP) rose $0.01/lb. April PE contracts decreased $0.03/lb.

Wankai PET prices stable across Indian ports despite weak cost fundamentals. Industry margins decline to -44 USD/ton due to low raw material prices and high polymerization costs. China's aggressive PET production and oversupply continue to suppress Asian market prices. Jindal Films fire disrupts BOPP supply, triggering sharp price hikes and market panic.

PVC prices in Asia rebounded 3% amid improved buying sentiment and a US–China tariff delay. DAGU, FORMOSA, and LG grades saw regional pricing spreads in India, while XINFA remained most competitive. Tight freight space and rising costs—driven by export redirection to the US—are sustaining upward price pressure despite cautious downstream demand.

PVC prices rose ₹1–1.25/kg in India amid freight tightness and pre-BIS certification buying. Polypropylene and polyethylene prices continued correcting due to subdued global demand and aggressive discounting. Despite tariff relief optimism, buyers remain cautious. Chinese plant shutdowns may support PE prices ahead, while anti-dumping duty uncertainty clouds the PVC outlook.