In India, Ex-Delhi NCR mLLDPE prices decreased by x.xx during the month. mLLDPE prices remained stable in the first half of September before declining x.xx in the third week and x.xx in the last week, underlining increasing pressure from surplus supply and lukewarm demand.
Feedstock ethylene spot prices remained firm to fall, maintaining steady production costs for mLLDPE, while high operating rates sustained domestic output. On the import front, inflows of mLLDPE from the Middle Eastern—in particular, Saudi Arabian, Qatari, UAE, and Omani and U.S. arrivals moved sharply higher, by xx.xx in Qx, with the volumes carrying over to Qx. This supported elevated Indian port inventory levels, discouraging any supply issues.
India&#xx;s wider manufacturing sector lost pace, with September production falling x.xx from August, but still well above the xx-point threshold, indicating continued expansion. This weaker momentum dragged on downstream consumption trends.
Demand-side action was...
