The Delhi polymer market has witnessed significant price declines over the past month, according to the latest data from the Credco Sourcing mobile app.
Polypropylene (PP) Molding – M12RR/M12RR1 (12 MFI): Down 8%, currently trading at around ₹92.50/kg — the lowest level in the past six months
Linear Low-Density Polyethylene (LL) Film – F18S010U (1 MFI): Down 3%, priced at approximately ₹92.50/kg.
What’s Driving the Decline?
Industry analysts point to a combination of domestic and international factors influencing the downward trend:
Global Demand Weakness – Sluggish activity in packaging, automotive, and infrastructure sectors has reduced overall polymer consumption worldwide.
Material Oversupply in India – An influx of discounted imports, prompted by oversupply in key global markets, is putting additional pressure on domestic prices.
Falling Feedstock Costs – Lower crude oil and propylene prices are reducing production costs for polymer producers, allowing sellers to cut prices to maintain competitiveness.
Impact on the Market
The sharp drop in PP prices marks a six-month low, creating margin pressures for domestic manufacturers while giving buyers more negotiating power. Many converters are delaying bulk purchases in anticipation of further corrections, adding to the market’s cautious tone.
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