Polymers & Packaging News Today

PP prices vary across India, with HALDIA PPCP Random at ₹1,06,250/MT in Delhi and MARLEX PPHP Raffia at ₹98,000/MT in Bhiwandi. Supply remains ample despite slight production cuts. Demand is slow but gradually improving. Global trade tensions and rising propane costs are driving raw material volatility and cautious market sentiment.

ABS prices stayed firm across Indian cities, but global market sentiment remains weak due to oversupply and sluggish demand from automotive and appliance sectors. Despite stable raw material costs, producers face margin pressures. Europe’s structural issues and Asia’s high inventories continue to suppress price recovery, signaling a cautious near-term outlook.

PVC prices slipped slightly this week, with China's SG-5 averaging $655.48/ton, down 0.48%. Demand stayed weak across Asia and Europe, while US export prices held steady amid trade uncertainty. Stable production and low downstream activity kept the market sluggish. Market players expect PVC prices to stay range-bound in the near term due to weak demand and geopolitical pressures.

Polymer markets remain cautious amid falling crude prices and U.S. tariffs. PE and PP buyers are holding back, anticipating further price drops. PVC demand is hit by cheaper imports, prompting anti-dumping duty action. Key price cuts from JPFL and RIL signal inventory pressure. Markt players await clarity on trade and pricing trends before major moves.

PET prices remain under pressure due to oversupply, weak demand, and falling upstream costs. Despite a slight recovery in Chinese prices, inventories are high and demand sluggish. Crude oil and feedstock volatility continue to erode cost support, keeping the market bearish. Short-term pricing depends on demand revival and production adjustments.

Polypropylene prices in India remain relatively stable, though global markets face bearish pressure. Increased imports, weak demand from key sectors, and geopolitical trade tensions are weighing on sentiment. European supply is ample despite plant outages, and bearish crude trends continue to influence market expectations, potentially keeping PP prices soft in May.

Polymer prices remain steady as HMEL leads India's petrochemical growth with record sales and expanded capacity. Strong industry demand, robust logistics, and strategic investments position HMEL for further growth.

Reliance Industries Limited (RIL) has officially announced its Annual Procurement Requirement (APR) policy for Polyvinyl Chloride (PVC) applicable for the financial year 2025-26, starting from April 2025. The policy outlines key requirements for participation, performance-linked discounts, and provisions for new entrants and existing dealers.

Virgin LDPE prices remain stable across major Indian markets amid soft demand and sufficient supply. Despite Reliance’s price hike, buying sentiment stays cautious. Industry experts advise short-term procurement strategies amid uncertain downstream revival and global volatility.

Polypropylene prices vary across regions, with MRPL PPHP LAMINATION (HY035R) at ₹1,03,000/MT in Rajkot, the highest. The launch of Dangote’s 900,000 MT/year facility in Nigeria is set to transform supply dynamics. RIL has reduced PP deemed export prices. Market expectations lean towards a price correction amid increasing local production.