India’s Polyethylene and polypropylene prices liable to stay stable till the end of 2021
In the Indian market, the prices of Polypropylene and Polyethylene were rolled over amid stable demand and sufficient supply. Polypropylene price in the Indian market were observed to be INR 113000/ ton for injection moulding Ex-Silvassa and INR 113240/ton for Raffia Ex-Silvassa. The LDPE prices were INR 145179/ton Liquid Packaging grade Ex Mumbai, for HDPE it is INR 110220/ton for Pipe grade Ex-Silvassa. India’s PP and PE market had stable so far and the prices continued to be capped due to oversupplies and bearish demand. However, prices were at lower as the sluggish upstream Ethylene and crude oil had impacted the polymer market in India. Major Polymer producers like Reliance Industrial Limited (RIL), IOCL, Mangalore Refinery and Petrochemical Limited had defer revisions and kept the prices stable. The pressure on downstream Packaging producers in the domestic market to clear the stocks had solidly impacted the Plastic business. The overseas supplies had moreover decreased du...