South Asia PE: Prices remain firm amid tight inventories, delayed imports / Sellers maintain low inventories / Feedstock costs rise amid tight naphtha availability

Nov 05, 2026

The South Asia polyethylene market remained stable in the week ended Nov. 4 amid feedstock volatility, muted domestic demand and reduced import availability. Market participants said the domestic market is expected to rebound after the festive season, following Nov. 15, while sellers continue to maintain lean inventories on a need-to-immediate basis. Sources are closely watching the US midterm elections for potential implications on energy markets, feedstock costs and global trade sentiment as well as upstream costs. Although HDPE grades and general-purpose LDPE were heard up $30-$40/mt from the previous week due to limited material availability and delayed imports, transactions were heard concluded well below sellers' offered levels. "Import shipments are delayed by 1-2 months. Imports continue to account for 70%-80% of supply, but procurement from the Middle East has declined,...

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