Polymer prices may soon start a downward trend

Date – 03/01/2023 Given the current state of weakening demand, it is likely to have a profound impact on the pricing trend. Should the demand remain lackluster, there is a substantial probability that the open market price may experience a significant decrease. In consideration of the prevailing circumstances, it is recommended to engage in routine purchasing activities with caution. Additionally, it is advisable for converters to closely observe all price regulating factors prior to making any additional procurement decisions. Despite the presence of excessive stockpiles in the warehouses of producers, there were no reports of any availability issues. Most processors adopted a cautious approach of observing the market developments before formulating a definitive raw material procurement strategy. However, the situation is anticipated to change in the upcoming week, with a noticeable improvement in demand. This expectation was fueled by the receipt of numerous purchase enquiries from traders towards the end of the current week. These developments indicate a potential shift in the market dynamics and warrant a reassessment of the procurement strategy. Polypropylene (PP) Rafia is currently priced at an average of 104-105 per kilogram. Meanwhile, high-density polyethylene (HDPE) BM is priced at an average of 108-109 per kilogram. The cost of low-density polyethylene (LDPE) film has also increased, averaging 110-111 per kilogram. The price of linear low-density polyethylene (LLDPE) film has also gone up, with an average price of 111-112 per kilogram. Lastly, polyvinyl chloride (PVC) is currently priced at an average of 109-110 per kilogram. Note – Every photo is symbolic (Photo Source: Google) All news and stories given on this website are reported by the reporter or taken from some source. Our endeavor is and will continue to provide you with the best information. The responsibility of this news and other things will be with the author (reporter) and the source.