Brent Crude Stays Above $113 For 10 Days ; China Pp, Lldpe & Pvc Futures Rise
Crude oil prices moved higher, while China polymer futures recorded gains across all three major grades. A stronger crude market may increase petrochemical feedstock cost pressure.
Global Market
Brent Crude Oil: $116.18/bbl â–˛ 1.13%
USD/INR: â‚ą95.31/$ â–˛ 0.13%
China Polymer Futures
USD/MT | Change vs Previous Session
- PP: $1,365 â–˛ $16
- LLDPE: $1,242 â–˛ $22
- PVC: $703 â–˛ $13
Market Knowledge — Brent Crude Vs Wti
What Are Brent Crude and WTI?
Brent and West Texas Intermediate (WTI) are two major benchmarks used to determine crude oil prices worldwide.
Brent Crude — Global Benchmark
- Primarily associated with North Sea oil production.
- Widely used to price internationally traded crude oil.
- Sensitive to global supply disruptions and shipping conditions.
WTI — US Benchmark
- Primarily sourced from American oil fields.
- Key benchmark for the US crude oil market.
- Typically trades below Brent, although the price difference varies.
PolyMart Perspective
Market Watch: Monitor Brent crude, USD/INR, China polymer futures and domestic price revisions as market conditions change.
Smart Procurement: Compare current grade-wise prices,
maintain balanced inventory and procure cost-efficient material based on actual
production requirements.
PolyMart | Procure With Purpose.
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.
