Polymer Demand pops out in major market – 24 Nov 2014

Polymer demand has started to come out from a sluggish condition in most of the cities now end users are slightly active in purchasing. They are expecting that prices will not decline considerably. International prices were also reported stable. The crude oil price was settled at 80 USD/bbl, which was higher from last week by 2-3 USD/bbl and expected will not go down largely in coming days. On going through the market situation, it is expected that there should be marginally change in prices by domestic producers if any.

On communication with different trades and end users. indianptrochem has gathered information that polymer prices have stable in most of the market and end users are slightly active in purchasing and stocks are available to traders. But this demand can further increase if prices move down or when price fluctuation become stable.

On, 24 November 2014,Price of the Film grade of PP and LDPE was reported at 122 Rs/kg and 121 Rs/kg respectively in Delhi market.