Latest Global Polymer Report dt.22/9/2010

[POLYMERBAZAR:BHAVIN VORA,+91 93745 24365]

Purchase Opinion:-

Global Polymer report shown down trend in latest report of 22/9.Market
is slow & it clearly shows effect of expected Chinese holidays.
Considering this report Indian Open market has opened with reduced
offer rate than closing rate.
Seller has decreased rate by Rs.250 to Rs.500 per MT.

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 form domestic to imported.Daily open market reduces
rate avg, by Rs.250/MT.

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 a 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. Looking to expected Chinese holidays, PP should reduce at
international level furthermore about $40-$50 by next week. 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 has responded positively
with an intension to develop an alternate for their routine
purchase.


PE: Purchase should be according to requirement, Domestic company may
revise price down ward on 1st Oct.,2010

1. As per available news, HPL has declared shutdown for a week.
One of the production line of GAIL, was also under maintenance for 3
weeks & will re-start Production after 5th oct.10.

2. 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:
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1. Purchase should be 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 @ $ 74.76/bbl.