The Week in Chemistry: US PE, PP spot prices steady in week of May 16, but may face downward pressure on lower input prices; India PVC weighted by reduced import duties, a potential barrier to domestic manufacturing investment

Sample article from our Chemicals Industry

LOS ANGELES , May 27, 2022 () –


US Resins

Spot prices for US PE and PP resins held steady during the week of May 16, but face downward pressure amid lower input prices and weaker sentiment.

PE contracts appear unlikely to achieve the sought-after US$0.06/lb price increase for May, after a similar increase failed in April. 

Meanwhile, PP buyers are awaiting price relief of about $0.10/lb directly related to lower monomer costs. The decrease will be partly offset by producers’ proposed contract increase of $0.06/lb for enhanced margins.

The primary source of this information is Plastics Today.


India PVC

India PVC prices will likely be weighed by the country’s decision to reduce import duties from 10% to 7.5%, sources said on May 23.

The decision is a bid to reduce the cost of final products as the country battles inflation, according to finance minister Nirmala Sitharaman.

However, PVC producers say cheaper imports could pinch margins for domestic manufacturers, resulting in a negative impact on capacity additions in the long run. India’s PVC production capacity has been stagnant at about 1.6 million tonnes for the last decade.

CFR India PVC was assessed at US$1,400/tonne on May 18, a 26% decline from a high of $1,900/tonne in October 2021.

The primary source of this information is S&P Global Platts.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

See our dashboard in action - schedule an demo
Chelsey Quick
Chelsey Quick
- VP Client Success -

We offer built-to-order chemicals industry coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

This website stores cookies on your computer. These cookies are used to improve your website experience and provide more personalized services to you, both on this website and through other media. To find out more about the cookies we use, see our Privacy Policy. We won't track your information when you visit our site. But in order to comply with your preferences, we'll have to use just one tiny cookie so that you're not asked to make this choice again.