Published on March 16, 2015

Industry sources said that at present Asian producers are holding back there offers for Polymer because they are expecting that prices will increase in coming days due to firmer prices of Ethylene and Propylene. Due to recent fall in Oil prices producers said that polymer prices are at lowest at present and likely to firms up in near term.

For the current week prices of Polymer has shown some hike in domestic market as told by industry sources. Sources said that in near future prices may decline when new shipments will arrive at Indian Ports.

Industry experts believe that with government support and increasing awareness related to polymer application will further boost the growth of this industry.  Some improvements in the Polymer industry have been noted for the current week. Industry sources said that compared to last few weeks, this week was good for the Polymer industry.

Industry analysts said that with the improved technology and hike in demand from packaging sector, Polymer industry is likely to see good growth in near future. At present the domestic polymer products industry has grown at 18% and 20% CAGR over the past three and five years respectively. The major reason behind this robust growth has been the lower cost of polymer products with finer properties and incredible increase in the demand from the end-user industries such as FMCG, pharma, beverages, consumer durables chemical products.