This Week’s Highlights: Asian Ethylene - Prices flat amid thin activity, firm feedstock costs Asian HDPE - Rises on demand-supply fundamentals Asian LDPE - Rises on firm demand despite bearish macroeconomics Asian LLDPE - Flat to $20/mt higher on futures, demand Platts International Prices 1 Polymerupdate Indian Domestic Producer Price 1 Polymerupdate CIF India Prices 2 Polymerupdate Indian Producer Posting Price Comparison 3 Polymerupdate Indian Open Market Price Table 4 Heard in PVC Market 4 Currency Rates 4 Platts International Market Commentary & Analysis 5 Polymerupdate - PE Market Supply Scenario 6 Platts Price Analysis Of PE Chain Processing Margins 7 Platts Polymer Shipping Costs (USD/MT) 8 Crisil Research – Macroeconomics & Currency Monthly Analysis 8 Point of Contact 10 Polymerupdate - About us & Copyright 10 Platts - About us & Copyright 10 MUDASSAR
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- All prices are in USD/MT CIF India (Nhava Sheva)
- For South Korea, Singapore, Thailand and Saudi Arabia : Cargo size of 50-100mt delivered within 30 days.
- Price assessments are based on information gathered from a cross section of the industry that includes resin producers, processors, traders and distributors.
- Standard repeatable orders (based on confirmed market deals) form the basis of the prices.
Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (W), Mumbai – 400013, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 3
POLYMERUPDATE - INDIAN PORDUCER POSTING PRICE COMPARISON (GRADE WISE)
HDPE w.e.f 18-Sept-2015
Grade Producer (Ex Works) Grade No. INR/MT USD/MT
BLOW MOULDING
RIL (BC/NC) 54GB012 90540 1242
RIL (Hazira) B56003 90290 1238
HALDIA (HC) B6401 91500 1255
GAIL (M/B/T) B52A003A 85510 1171
GAIL (M/B/T) B63A003A 85510 1171
INJECTION MOULDING
( MFI - 18 )
RIL (Hazira) 50MA180 89140 1222
HALDIA (HC) M5018L 91400 1254
GAIL (M/B/T) I50A180A 85200 1166
INJECTION MOULDING
( MFI - 7 ) UV
RIL (Hazira) L60075 90430 1240
HALDIA (HC) M6007LU 93050 1277
GAIL (M/B/T) I60U080A 87970 1206
HDPE FILM RIL (Hazira) F56003 88960 1220
HDPE PIPE
RIL (BC/NC) 46GP009 91030 1249
HALDIA (HC) P-5300 100200 1378
GAIL (M/B/T) P54A001A 94030 1291
HMHDPE FILM
RIL (Hazira) 52GF004 89950 1233
HALDIA (Works) F5400 92450 1269
GAIL (M/B/T) F55HM003A 87070 1193
RAFFIA
RIL (Hazira) 53EA010 89560 1228
RIL (Hazira) E52009 90440 1240
HALDIA (HC) R5801 95850 1317
GAIL (M/B/T) W50A009A 85560 1172
LDPE Ex-Mumbai (Panvel Depot) w.e.f 18-Sept-2015
* Prices are in INR/MT (inclusive of excise duty)
Grade Producer Grade No. *INR/MT USD/MT
LDPE EC RIL 1070LA17 109811.25 1514
LDPE IM RIL 16MA400 108438.75 1494
LDPE GP RIL 24FS040 101790.00 1400
LDPE MP RIL 1005FY20 107021.25 1474
LDPE HEAVY DUTY RIL 22FA002 106143.75 1462
RIL 1020FA20 100833.75 1387
LLDPE w.e.f 18-Sept-2015
Grade Producer (Ex Works) Grade No. INR/MT USD/MT
LLDPE EXTRUSION
COATING
RIL (Hazira) E24065 90040 1235
HALDIA (HC) 72307E 92450 1269
GAIL (M/B/T) E36A060 86870 1190
LLDPE INJECTION
MOULDING
RIL (Hazira) M26500 90760 1245
HALDIA (HC) 71501-S -- --
LLDPE FILM
RIL (BC/NC) 20FS010 87460 1198
RIL (BC/NC) 20FS020 88470 1213
RIL (Hazira) F18010 88250 1210
RIL (Hazira) F19010 88260 1210
HALDIA (HC) 71601S 91400 1254
GAIL (M/B/T) F20S009A 84830 1161
LLDPE ROTOMOULDING
RIL (BC/NC) 36RA045 90380 1240
RIL (Hazira) R35042 87250 1195
HALDIA (HC) 73005T 93750 1287
HALDIA (HC) 73204T 93750 1287
GAIL (M/B/T) R35A042A 86420 1184
*Domestic Indian producer prices are quoted in INR/MT basic (Nett of all taxes) ; equivalent USD/MT price is at current US/INR rate. *Lot Size: 1 Truck Load (10 to 16 MT)
- Ex Works: BC/NC = Ex Works Baroda Complex / Nagothane Complex | Ex Works: HC = Halidia Complex | Ex Works: M/B/T = Mumbai / Bhiwandi / Thane
- Product Key: EC = Extrusion Coating, IM = Injection Moulding, GP = General Purpose, MP = Milk Pouch, MFI = Melt Flow Index, UV = Ultra Violet, HM = Heavy Molecule
Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (W), Mumbai – 400013, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 8
POLYMERUPDATE - PE MARKET SUPPLY SCENARIO
Osaka cracker operated by Mitsui at full rates
Mitsui Chemicals is running its cracker at full capacity levels. The company is currently running its cracker at 100% production capacity rate following a brief maintenance turnaround in last week. The cracker at
Osaka has an ethylene capacity of 450,000 mt/year.
Trial runs at new EVA/LDPE swing plant started by Jiangmen
Shandong Haoda Chemicals has started the trial operations at its new ethylene vinyl acetate (EVA) / low density LDPE) swing plant. The company has commenced trial operations at its swing plant in early-September
2015. The company is likely to begin commercial production by next month. Located in Tengzhou city of Shandong province, China, the plant has an EVA capacity of 100,000 mt/year and LDPE capacity of 120,000
Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (W), Mumbai – 400013, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 11
IIP splutters in July as factory wheels jam
Industrial production growth moderated to 4.2% in July from 4.4% in June. On a month-on-month basis also growth remained weak. The picture
for manufacturing was also less positive with growth slowing to 4.7% in July. That said, the numbers did throw up a bright spot - for one, the
capital goods sub-index rose 10.6%. It was disappointing to see the consumer-oriented sectors lose momentum seen in July (1.3%), signalling
that consumption demand remains fragile. Unseasonal rains early this year and the weak progress of monsoon so far are telling on demand. As a
result, low capacity utilisation is a key challenge faced by most industrial sectors.
Inflation resists a drop in August
Consumer price inflation (CPI) stood at 3.7% in August, unchanged from the previous month. July inflation was revised down from 3.8% released
earlier. In August, core inflation continued to ease, but a further fall in overall inflation was contained by a pick-up in the food and fuel related
inflation. Food inflation, at 2.2%, was 10 basis points (bps) higher than in July, whereas fuel inflation (fuel and light), at 5.7%, was up 30 bps.
Wholesale price index data continued to be in the negative zone, but the extent of decline slowed. Meanwhile, with rising rainfall deficiency, food
inflation in some commodities is firming up, and if not contained, can lower some gains from falling fuel prices. Core inflation (CPI excluding food
price index, fuel and light, and petrol and diesel) fell to 5.2% in August, down 10 bps over July - its second consecutive monthly decline. Much of this
fall came from lower inflation in health, personal care effects and education. The continued decline in core reflects sluggish demand conditions in the
economy.
FII outflows drag rupee under
The rupee lost ground against most major currencies in August as foreign institutional investors made a beeline out of the emerging markets
following a devaluation of the yuan. China devalued the yuan by 4%, announcing a change to its peg against the US dollar. The move, coming at a
time when the Chinese economy is in the throes of a slowdown, pulled down commodity prices and created jitters in currency and stock markets
worldwide. The rupee hit a low of 66.7/$ on August 25 before recovering a tad (it has depreciated 3% since the announcement of the Chinese
devaluation). It averaged 65.1/$ for the month, weaker than 63.6/$ in July. Against the euro and the pound, it dropped on average 3.5% and 2.4%,
respectively.
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