International Polymer Pricing

18-02-2023 The current pricing for other plastic materials such as PP, LLDPE, HDPE, and LDPE also indicates fluctuations in the market. PP, for example, is currently priced at $1140, reflecting a 15% change, while LLDPE is priced at $1160, reflecting a 6.9% change. HDPE is priced at $1150, reflecting an 8.7% change, and LDPE is priced at $1180, reflecting a 30% change in one year. Given the volatility of the market, it is important to continue monitoring the pricing trends in these markets to ensure the stability of supply chains and related industries. The market is currently experiencing several bearish factors, which have resulted in a cautious approach by buyers. The short-term spot price for PP is encountering resistance, indicating a trend dominated by decline in Chinese markets. A sense of pessimism has pervaded the PP market in India due to insufficient sales of finished products. This has caused processors to adopt a gloomy outlook and refrain from actively procuring raw materials. Meanwhile, traders have attempted to attract buyers by offering discounts, but their success has been limited. Furthermore, traders have reported decreasing stocks of PP TQ and Random grades in Northern markets this week. PolyMart does not provide any assurances or guarantees regarding the reliability, accuracy, completeness, or quality of the information available on its website, app, or through any of its services. Therefore, the company is not responsible for any errors, omissions, loss, or damage that may result from the use of the website or app. It is advisable for users to exercise caution and independently verify any information obtained from these sources before relying on it for any purpose