Polypropylene prices rise in Delhi market (Business Opportunities - Marketing & Sales)

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Polypropylene prices rise in Delhi market


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The domestic market for Propylene (M13530) in Delhi experienced price growth today. The commodity's price has increased from Rs.103/kg to Rs.104/kg, marking a Re.1/kg hike. The rise in Propylene prices may be attributed to factors such as lower feedstock costs, subdued demand in downstream industries like plastics and packaging, or increased supply in the market. Analysts suggest that this price movement could signal a broader trend in the petrochemical sector, as manufacturers and suppliers respond to global and domestic pressures. Major domestic producers, including Reliance Industries Limited, Haldia Petrochemicals, and Indian Oil Corporation Limited, have been adjusting operations to align with market conditions. Internationally, leading players like LyondellBasell Industries, ExxonMobil Chemical, and SABIC continue to dominate global Propylene production, balancing capacity expansions and market demands. In 2022, the global production volume of polypropylene was estimated at around 74 million metric tons, with forecasts suggesting an increase to approximately 114 million metric tons by 2030, indicating a CAGR of 5.54% during this period. Indian PP Prices, PP Prices In India, Indian Price PP, PP Price In India, Indianpetrochem.
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Target State: All States
Target City : All Cities
Last Update : 14 January 2025 8:32 PM
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Item  Owner  : indianpetrochem
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