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India April-November PE imports rise 10-12%, PP imports fall

December 03/2010

(ICIS) -- India posted a 10-12% year-on-year increase in polyethylene (PE) imports in the first eight months of its fiscal year, while it took in 15-17% less of polypropylene (PP) over the same period, industry sources estimated on Friday.


PE imports totalled 600,000 tonnes for the April-to-November period, while PP imports were pegged at 225,000 tonnes, they said. УThe volumes of PE and PP imported in the past eight months are much higher than we expected,Ф said a source close to an Indian polymer producer.


For the full financial year ending 31 March 2011, Indian producers were expecting PE imports to post a growth of less than 10% but a 20% decline in PP purchases from abroad, industry sources said. Strong demand for PE drove up the import volumes, especially in PE pipes and flexible packaging segments, an end-user said.


High density PE (HDPE) and linear low density PE (LLDPE) drive the surge in PE imports, but low density PE (LDPE), used mainly in packaging, shrank by 10-12% due to global shortages. Meanwhile, PP imports had been falling as local supply increased, with the start-up of a 600,000 tonne/year PP plant of Indian Oil Corp (IOC) at Panipat in Haryana state, sources said. The company has also started a 650,000 tonne/year PE plant at the same site.


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