Middle East shipping risks push India polyolefin importers to slow purchases as freight surcharges reach $140/t
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Red Sea shipping risks and Bab el-Mandeb surcharges (up to $140/t) are lifting polyolefin import costs into India, with LLDPE and PP raffia CFR prices rising sharply over the past month. Higher Brent-linked feedstock costs and delivery uncertainty are slowing import bookings and shifting demand to domestic suppliers, tightening regional petrochemical balances. The episode reinforces the market's sensitivity to Middle East geopolitics via energy and freight channels.
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NCCO1OILBRENT2USD/USDT-1.15%
AI تجزیاتی سمجھ · NCCO1OILBRENT2USD/USDTAI تجزیاتی سمجھ
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⚠️ AI سے تیار کردہ تجزیاتی سمجھ خبروں کے مواد پر مبنی ہے اور صرف معلوماتی مقاصد کے لیے فراہم کی گئی ہے۔ یہ سرمایہ کاری کا مشورہ نہیں ہے اور نہ ہی BingX کے خیالات کی نمائندگی کرتی ہے۔ سرمایہ کاری میں رسک شامل ہے۔ براہ کرم ذمہ داری سے ٹریڈ کریں۔
Indian polyolefin importers have slowed buying after the latest flareup in the USIran war lifted prices and raised uncertainty over delivery schedules. LLDPE CFR India was assessed at $1,1801,220/t for the week ended 31 July, up from $1,0901,150/t for the week ended 26 June, while PP raffia rose to $1,1901,240/t from $1,1001,140/t over the same period, according to Argus. Freight concerns have intensified after attacks on Saudi energy vessels, with shipping companies signalling surcharges of up to $140/t for transits through the Bab elMandeb strait. Indian producers have also raised local LLDPE and PP raffia prices since 23 July amid higher crude values and slower import bookings.
