Brent Crude Breaks Below $105 After 10 Days
Global Market Snapshot
Brent Crude Oil
- Price: $104.32/bbl
- Reported previous settlement decline: ▼ 7.6%
USD/INR
- Exchange Rate: ₹94.90/$
- Change: ▼ ₹0.05
China Polymer Futures
China polymer futures recorded positive movements:
- PP: $1,384/MT ▲ $12
- LLDPE: $1,268/MT ▲ $15
- PVC: $702/MT ▲ $1
These increases indicate firmer futures-market sentiment despite the decline in crude oil prices.
What's Happening in the Market?
- Crude Prices Decline: Brent has fallen sharply amid easing Middle East supply concerns and renewed hopes for diplomatic negotiations.
- Domestic Polymer Prices Remain Firm: Indian producers increased PP, selected PE and PVC prices effective 1 November 2026, with increases varying by grade and producer.
- China Futures Rise: PP, LLDPE and PVC futures have moved higher, indicating stronger market sentiment even as crude prices decline.
PolyMart Perspective
Market Watch: Track crude, currency and China polymer futures to understand potential changes in domestic and international polymer prices.
Smart Procurement: Compare current grade-wise offers and maintain balanced inventory based on actual production requirements.
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Disclaimer:
PolyMart does not offer guarantees regarding the accuracy, reliability, or completeness of the information provided on its platform. Users are advised to independently verify any data before relying on it for decision-making purposes.
