PP & PE Import Offers to India Rise Up to $40/MT; Crude Falls 2.33% in a Week
International offers for India have increased across selected PP and PE grades, while Brent crude has declined from its 23 October level.
Global Market
Brent Crude Oil: $114.00/bbl ▼ 1.17%
USD/INR: ₹95.33 ▲ 0.12%
Crude Oil — Weekly Movement (23–29 October)
- 23 October: $116.72/bbl
- 29 October: $114.00/bbl
- Weekly Change: ▼ $2.72/bbl (−2.33%)
Crude oil declined 2.33% over the period, while international PP and PE offers to India moved higher.
China Polymer Futures
USD/MT | Change vs previous session
- PP: $1,371 ▲ $42
- LLDPE: $1,241 ▲ $30
- PVC: $699 ▲ $25
All three polymer futures recorded gains, indicating firmer pricing sentiment in the Chinese market.
International Offers Coming To India
USD/MT | Change from previous offers
PP Grades — ▲ $20/MT
- PP Film: $1,490 ▲ $20
- PP Raffia: $1,400 ▲ $20
- PP Injection: $1,400 ▲ $20
- PP CP: $1,450 ▲ $20
- BOPP: $1,420 ▲ $20
PE Grades — ▲ $30–40/MT
- HDPE Raffia: $1,350 ▲ $30
- HDPE Blow: $1,345 ▲ $30
- HDPE Injection: $1,340 ▲ $30
- HM: $1,350 ▲ $30
- LLDPE: $1,300 ▲ $40
Market Trend: International PP offers increased by $20/MT, HDPE offers by $30/MT and LLDPE by $40/MT, the largest increase among the reported grades.
PolyMart Perspective
Market Watch: Monitor crude, USD/INR, China futures and international offers as market conditions change.
Smart Procurement: Monitor price movements and maintain balanced inventory based on production requirements.
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