Monthly Advisory
Monthly Advisory
Poly Ethylene
PE prices traversed on high trajectories on account of active demand prevailing in markets. Steady manufacturing of end-products, like packaging, piping and consumer durables, created strong demand conditions, resulting in the prices staying at high rates. Demand for HDPE, LDPE and LLDPE materials are growing at approximately 9%, 5% and 7% respectively.
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Studies have shown that the annual demand for HDPE, LDPE and LLDPE in the country , in 2013-14, was respectively at 1,953 MT, 604 MT and 1,378 MT. Prevalence of strong demand conditions also prompted producers in the country to hike their ex-work prices.
Besides, the active off-takes also created stocks in markets to dwindle significantly, that triggered upward momentum to the prices.
Our team of editors and analysts has forged strong relationships with key players in the PE market, both at the level of the trader and the producer. And this enables us to bring the right market feedback to the table. Our contacts with key players in the end use segments allow us to better understand the dynamics of the market.
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Anirudh Sharma
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response@indianpetrochem.com
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Bhumika
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