According to the monitoring of TuoDu data, the domestic LLDPE (7042) price was RMB 8414 per ton on December 19, and the average price was RMB 8400 per ton on December 27, down 0.17% during the same period, and down 0.15% compared with that of December 1, according to the monitoring of TuoDu data. According to the monitoring of TuoDu data, the average price of LDPE (2426H) ex-works on December 19th was RMB 9100/mt, and on December 27th was RMB 9100/mt. During the period, the asking price dropped 2.5% compared with Dec. 1, showing a stable trend. According to the data monitoring of Tudou.com, the average ex-works price of HDPE(5000S) was RMB 8,466/mt on Dec 19th and RMB 8,466/mt on Dec 27th. Compared with December 1, the stable estimate period increased by 0.79%. From December 19 to 27, polyethylene prices were generally firm. LLDPE is expected to decline slightly, while LDPE is slightly down and HDPE is estimated to remain stable. Petrochemical companies forecast limited adjustments. M...

R-22 price rose to Rs293/kg (9.4% QoQ / 52.7% YoY) in Q2FY23-TD, but volumes were down 33.4% YoY to 943te. The volume drop is concerning as it could be an accelerated decline in demand for R-22, which can spill to domestic market. Domestic R-22 is a highly profitable product. In packaging film segment, spreads have dipped QoQ for BOPET, while they have improved for BOPP. BOPET spread dip was expected due to new capacity expansion. Lauryl alcohol price dipped in Q2FY23 (July’22) and is now at Rs219, down 5.2% QoQ; this should relatively help Galaxy Surfactants see better volumes on reducing cost pressure for FMCG companies. Rossari Biotech’s four key raw materials’ inflation decelerated which has helped the company accrue the benefit of price hike and improve margins. Pigment prices have marginally increased on a QoQ basis; however, volume has declined due to lower demand from plastic segment. EPL should see a relief in margins due to decline in polymer price, which w...