Domestic polymer demand starts to improve in India

05-Mar-12

Market players report some improvement in domestic polymer demand in India at the start of March, as per ChemOrbis. Domestic producers opened the month with some increases for PP and PE and these increases did not prevent distributors from reporting an increased number of buying inquiries. PVC continues to be stable. In the PVC market, domestic producers elected not to change their prices at the start of March after producers had achieved some increases in the month of February. “We elected to purchase some domestic PVC k67 as we found domestic materials to be more competitively priced when compared with the prevailing offer levels in the import market,” as per a PVC pipe manufacturer. “We are seeing better demand for our end products today and we believe that demand will remain strong over the next few weeks. We are building some stocks these days and making most of our purchases from the Domestic PP producers opened the month of March with further increases following the significant increases implemented by producers over February. “We are seeing good demand from the local market for now and supply is a bit limited,” commented a source at an Indian producer. “We are seeing greater buying activity these days even after producers’ most recent price hikes,” stated a distributor. Domestic producers also opened the month of March with increases on their HDPE, LLDPE and LDPE prices after achieving February increases for HDPE and LLDPE as per ChemOrbis. “We are seeing better demand from the local market at the start of this month even after the most recent price increases and have been receiving a greater number of inquiries from our customers recently,” a distributor stated.