Polymer Market Update: Mixed Trends Across Key Grades

The polymer market witnessed a mixed performance this week across major grades. PP Raffia closed at 86.00, registering a weekly dip of 0.58% and a quarterly fall of 7.53%. Despite touching a yearly low of 85.50 recently, it still remains 12.24% below its yearly high. LLDPE followed a similar trend, closing at 86.50 with weekly and monthly declines of 1.70% and 4.95% respectively. The product is down nearly 7% on a quarterly basis, with current levels significantly below its high of 97.00 seen earlier this year. HDPE BM also showed weakness, closing at 87.50, down 2.23% weekly and 1.13% quarterly. However, compared to last year, it has gained 4.17% from its yearly low of 84.00. On the positive side, LDPE remained the strongest performer, closing at 110.00 with a stable weekly performance. It has gained 4.27% quarterly and a solid 7.84% year-on-year, though still trading 4.76% below its peak of 115.50. Meanwhile, PVC saw continued pressure, ending at 68.00 with a sharp monthly drop of 6.85%. Despite being 6.25% higher than last year, it is down over 22% from its yearly high of 87.50. Overall, the market reflects demand softness in Raffia, LLDPE, and PVC, while LDPE continues to show resilience. 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.