Polymer Market Update – 03 August 2025

India’s polymer market entered August with notable pricing moves by leading producers and varied grade-level trends. Reliance Industries Ltd (RIL), India’s petrochemical giant, has launched an Early Bird Scheme offering an incentive of ₹2,500/MT on domestic polypropylene (PP) purchases from August 1 to August 15, 2025, aimed at reviving demand. Effective 1st August, RIL, IOC, and Opal slashed PP prices by ₹1,500/MT, while deemed export rates dropped by ₹1,000/MT. Notably, price protection was withdrawn. Meanwhile, PET prices surged ₹3,000/MT across RIL and Chiripal Poly Films, indicating strong bottle-grade demand. From the trading desk, PP Raffia remained flat at ₹90.60/kg, but monthly and yearly trends show declines of -3.82% and -6.45% respectively. Buyers could now benefit from the double dip in pricing and incentive push. LLDPE and HDPE BM held steady at ₹92.85/kg and ₹90.75/kg respectively, continuing their quarterly gains but showing marginal volatility year-on-year. LDPE slipped to ₹111.35/kg, down 0.22% weekly, despite a solid 5.95% yearly rise. PVC outperformed all grades, jumping 1.88% weekly to ₹67.85/kg, buoyed by market restocking and nearing monsoon project cycles. Its 5.93% quarterly gain signals renewed demand even as the grade is still down -9.77% year-on-year. Market sentiment remains cautiously optimistic, with incentives and price cuts in PP expected to trigger short-term buying. However, PET’s sharp hike could pressure downstream converters, while PVC may continue to find support in infrastructure-linked sectors. 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.