Indian Polymer Market weekly update

The polymer market witnessed mixed movements this week, with key grades showing both positive and negative trends. PP Raffia closed at ₹89.50, down by 0.56% weekly and 3.24% monthly, marking a 5.79% decline year-on-year. The price remains above the yearly low of ₹88.00 but well below the high of ₹98.00. LLDPE settled at ₹90.50, slightly lower by 0.55% weekly and 3.72% monthly. However, it maintained a 3.43% yearly rise, trading 4.62% above its low of ₹86.5, though still 6.70% below its yearly peak of ₹97. HDPE BM recorded a sharp weekly fall of 3.24%, closing at ₹89.50. Despite this, it showed resilience on a quarterly basis with a 3.47% gain. On a yearly scale, it slipped by 1.10%, but prices are still 6.55% higher than the yearly low of ₹84.00. LDPE prices remained unchanged at ₹111.00 for the week, though it fell 1.33% monthly. Yearly performance stayed strong with a 7.25% rise, maintaining a robust 8.82% gain compared to the yearly low of ₹102.00. Overall, PP Raffia and HDPE BM showed notable weakness, while LLDPE and LDPE reflected relative stability with yearly gains. Market sentiment continues to hinge on demand recovery and raw material price trends, making the coming weeks crucial for direction.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.