POLYMERBAZAR:Daily Polymer Report 29/9/20102

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Purchase Opinion :
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Last report (29/9/10) has shown mainly roll over in Global polymer’s
rate & limited down ward in some of the polymers.
This confirms again stability at international level. This may lead
domestic Polymer mfgr to continue same rate or may some down ward
revision on 1st Oct., 2010.

Looking to current scenario of market & International bookings we are
here with our prediction.

AS PER US CHANCES OF POLYMER PRICE REVISION ON 1/10/2010 IS AS UNDER:
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PP: SHOULD DOWN BY RE.1 TO RS.2 PER KG.
HDPE & LDPE: SHOULD REMAIN SAME.
LLDPE: SHOULD DOWN BY RE.1 TO RS.2 PER KG.
PVC: SHOULD REMAIN UNCHANGED OR DOWN BY RE.1 PER KG

Market is slow & it clearly shows effect of limited demand in finished
products. Since Monday we have observed demand in PP especially in
Injection mldg, Film, & co-polymers. Even PE is also under demand esp.
HD blow, Inj. mldg, HM film etc.
Considering HPL’s extended shutdown market has responded positively
for HM & Other HD grade buyers. According to sources said shutdown is
up to next 9-10 th oct.,2010.


Some shutdown has given boost to market in anticipation of expected
shortage of material in PE. Open Polymer market is facing very limited
demand in raw material. Traders are 100% seller, but buying from
manufacturer is under low demand. All major grades are available with
a variety of range from domestic to import.

China is ready for next national holidays for 8-9 days, which starts
from Oct.1st onwards. This will again reflect in global report with
down trend in polymers. We assume PP will be most affected commodity
due to Chinese holidays.

Demand in finished products is limited, though diff. festivals are
expected soon. Industry is having limited Polymer raw material
requirement. Mfgrs. are also facing financial crunch due to non-
receipt of their payment from party
Looking to rainy season, holidays etc. Nos of imported material are
available, now days in open market, which in turn also Affect demand
of domestic raw.mat.

PP: Purchase should be according to requirement or wait for next
revision.
~~
1.) This weeks report(29/9/10)confirms mostly flat in offer rates in
comparison of previous week.Chances of reduction are very less at
domestic level, but over all looking to expected Chinese holidays, We
assume domestic companies may reduce rate on 1st oct.10.

2.) Details regarding imposed Anti-dumping duty on PP, please log in
to website.IOC has captured major market in injection moulding due to
cheaper rate & quality. Other grade of IOC’s are also well-excepted by
market considering quality. Industries have responded positively with
an intension to develop an alternate for their routine purchase.

PE: Purchase should be according to requirement,
~~
This week’s Global report is in favour of buyers as it clearly shows
up trend in LL & LDs.
As per available news, HPL has extended shutdown up to next 9-10 th of
oct.,2010 . One of the production line of GAIL, was also under
maintenance for 3 weeks & will re-start Production after 5th oct.10.

1.) Purchase in PE is also advisable, looking to mat. Availability
issue.

Processing quality of HM manufactured by IOC has been appreciated &
well accepted by Industry. As per news quality better than other
mfgrs. Hd blow (IOC) is also of market expectation. Looking to current
review of Industry reg. quality of polymers manufactured by IOC, we
assume that IOC will lead in major Polymers in coming days.

PVC:
~~~~
1.) Even report also confirms stability in rates at global level.
Buyers are advised to make their Purchase as per requirement only.

After continuous four price revisions Indian polymer market is towards
stability or profit booking phase. Since last week we have witnessed
limited demand in polymers. Traders have started selling material for
profit booking. Crude oil is @ $ 77.77/bbl.
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BHAVIN VORA
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