HDPE - IMPORT DATA & PRICING ANALYSIS

APRIL 2014


INDEX
Particulars Page No.

Particulars Page No.
APRIL REPORT MAIN POINTERS 01 HDPE OFFERS 15

IMPORT SNAPSHOT CAPACITY PROJECTIONS & DEMAND SUPPLY SCENARIO
HDPE INDIA IMPORT SNAPSHOT 02 HDPE CAPACITY PROJECTIONS OF MAJOR PRODUCERS 16
HD/LD/LLD % SHARE IN INDIA PE IMPORTS 03 ETHYLENE CAPACITY PROJECTIONS OF MAJOR PRODUCERS 16
HDPE MONTHLY IMPORTS REGION-WISE BREAKDOWN 03 INDIA HDPE DEMAND SUPPLY 17
INDIA HDPE IMPORTS COUNTRY-WISE BREAKDOWN 04 INDIA ALL PE DEMAND SUPPLY 17
INDIA HDPE DESTINATION PORT-WISE BREAKDOWN 05 INDIA POLYMER DEMAND SUPPLY 18
SOURCE COUNTRY DESTINATION PORT MATRIX APRIL 2014 06 INDIA ETHYLENE NET AVAILABILITY 18

PRODUCT PRICING GOI 5 YEAR PLAN CAGR FIGURES 19
HDPE GRADES AVERAGE MONTHLY PRICING 08
HDPE FILM MONTHLY PRICES (MAX/MIN) 09 SOUTH ASIA IMPORT DUTY STRUCTURE 20
M-o-M AVERAGE PRICES % CHANGE 10
HDPE FILM 1 YEAR PRICE MOVEMENT 11 CRUDE PRICE MOVEMENT & INR V/S USD 21
HDPE FILM 3 YEAR PRICE MOVEMENT 11
ETHYLENE INDIA PRICE MOVEMENT 12 INDIA GDP GROWTH PROJECTIONS 2014-15 24
MAJOR PRODUCTS PRICE TRENDS 13
DISCLAIMER 25
IMPORTANT GLOBAL NEWS 14

S
H
A
L
I
M
A
R

I
N
F
O
T
E
C
H

P
V
T

L
T
D
POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (w), Mumbai 400018, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 1

High-Density Polyethylene (HDPE)

April Report Main Pointers


HDPE import volume increased in the month of April
HDPE grades witnessed a fall in the monthly average prices
HDPE accounted for 40.68% of all PE that was imported into India
89.69% of the HDPE that was imported into India in April was sourced from the Middle East region
Saudi Arabia, Qatar, UAE, Kuwait and Korea were the largest exporters of HDPE to India.
JNPT, Tuticorin, Chennai and Mundra among seaports and Bhusawal ICD among dryports were the largest HDPE import volume handling ports
HDPE was sourced from a total of 19 countries with 25 ports in India being the destination points
Ethylene prices witnessed a net upside
Nymex crude prices saw a net downside while Dated Brent prices witnessed a net upside
INR witnessed a net depreciation against the USD
Central Board of Excise & Customs notifications on import/export USD exchange rates are as follows:
Dated April 3
rd
2014: 60.45/USD (for imports) & 59.45/USD (for exports)
Dated April 17
th
2014: 60.80/USD (for imports) & 59.80/USD (for exports)
S
H
A
L
I
M
A
R

I
N
F
O
T
E
C
H

P
V
T

L
T
D
POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (w), Mumbai 400018, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 2


Introduction

HDPE is sometimes also referred to as polyethylene high-density (PEHD) and sees high import volume into India given its various applications. It takes
1.75 kilograms of petroleum (in terms of energy and raw materials) to make one kilogram of HDPE. Known for its large strength to density ratio, HDPE
finds applications in Raffia, Blow Moulding, Film, Pipes and Injection Moulding. HDPE is highly preferred as a sheathing material where it provides high
resistance to water penetration. It is very hard, has low coefficient of friction, and is abrasion resistant. Hence, it is used in products and packaging such
as milk jugs, detergent bottles, margarine tubs, garbage containers and water pipes.

HDPE is principally used for the manufacture of high-performance pipe, blow-molded household and industrial bottles, oil bottles, injection-molded food
containers, consumer durables and disposable goods and film goods such as grocery sacks and merchandise bags.

Import Snapshot

Exhibit: HDPE India Import Snapshot























HDPE Volume (MTS) M-o-M Change Value (Rs Crores) M-o-M Change
Jan-13 34253 -8.20% 270 -6.90%
Feb-13 28109 -17.94% 227 -15.93%
Mar-13 31391 11.68% 263 15.86%
Apr-13 29322 -6.59% 249 -5.32%
May-13 31949 8.96% 266 6.83%
Jun-13 33839 5.92% 285 7.14%
Jul-13 29801 -11.93% 266 -6.67%
Aug-13 25050 -15.94% 232 -12.78%
Sep-13 24385 -2.65% 244 5.17%
Oct-13 27253 11.76% 264 8.20%
Nov-13 24461 -10.24% 240 -9.09%
Dec-13 29833 21.96% 287 19.58%
Jan-14 30086 0.85% 293 2.09%
Feb-14 38919 29.36% 382 30.38%
Mar-14 35708 -8.25% 351 -8.12%
Apr-14 36366 1.84% 352 0.28%
S
H
A
L
I
M
A
R

I
N
F
O
T
E
C
H

P
V
T

L
T
D
POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (w), Mumbai 400018, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 3

Source: GoI Import Data

The table gives a snapshot on HDPE India imports in terms of volume imported and monetary value of the imports. The month of April saw HDPE import
level at 36366 MTS which represents a rise of 1.84% M-o-M. The monetary value of HDPE imports in April stood at Rs. 352 crores which is a rise of 0.28%
M-o-M.


Exhibit: HD/LD/LLD % share in India PE imports











Source: GoI Import Data

The chart shows the monthly HD/LD/LLD percentage share in total PE
imported into India.



Exhibit: HDPE monthly imports region-wise breakdown



Source: GoI Import Data

The above table lists the region-wise breakdown of imported HDPE.
The bulk of HDPE imported by India is sourced from the Middle East
region.
HDPE Jan-14 Feb-14 Mar-14 Apr-14
APAC 6.06% 6.72% 9.64% 7.00%
EUROPE 1.49% 1.31% 0.99% 1.08%
MIDDLE EAST 91.08% 90.59% 87.81% 89.69%
NORTH AMERICA 1.29% 1.32% 1.49% 1.83%
SOUTH AMERICA 0.08% 0.06% 0.07% 0.39%
Total 100.00% 100.00% 100.00% 100.00%
S
H
A
L
I
M
A
R

I
N
F
O
T
E
C
H

P
V
T

L
T
D
POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (w), Mumbai 400018, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 4

Exhibit: India HDPE Imports country-wise breakdown






























Source: GoI Import Data

The table lists out the countries from which HDPE was imported into India in 2014.

Saudi Arabia, Qatar, UAE, Kuwait and Korea were the largest exporters of HDPE to India.
HDPE (MTS) Jan-14 Feb-14 Mar-14 Apr-14
AUSTRIA 11
BELGIUM 25
BRAZIL 25 25 25 143
CANADA 23 23 138 70
CHINA 31 5 158 132
FINLAND 2 25
FRANCE 15 58 61
GERMANY 335 279 241 221
HONGKONG 23 105
INDONESIA 88 35 210
IRAN 644 2178 297
JAPAN 366 388 423 391
KOREA 552 693 637 641
KUWAIT 1958 1715 1589 1774
MALAYSIA 102 136 260
NETHERLANDS 11
QATAR 9695 9590 10393 10281
SAUDI ARABIA 13180 17976 15702 15583
SINGAPORE 438 596 882 574
SPAIN 50 50
SWEDEN 50 99 88 88
TAIWAN 46 51 272 17
THAILAND 198 822 726 427
UAE 1926 3799 3372 4979
USA 364 490 395 596
Total 30086 38919 35708 36366
S
H
A
L
I
M
A
R

I
N
F
O
T
E
C
H

P
V
T

L
T
D
POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (w), Mumbai 400018, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 5

Exhibit: India HDPE Destination Port-wise breakdown



Source: GoI Import Data

The table lists out the ports that handled the imported HDPE in April 2014.

JNPT, Tuticorin, Chennai and Mundra among seaports and Bhusawal ICD
among dryports were the largest HDPE import volume handling ports.


HDPE (MTS) Type Jan-14 Feb-14 Mar-14 Apr-14
AHMEDABAD Dry 965 1387 634 607
BALLABHGARH Dry 61 82 17
BANGALORE Dry 56 211
BARODA DASHRATH Dry 90 198 256
BHUSAWAL Dry 1386 1139 891 1881
CHENNAI Sea 1575 3191 1803 2507
COCHIN Sea 834 833 1701 1422
DADRI ALBATROSS Dry 67 151 84
DADRI CGM Dry 67 84
DELHI Air 12
GOA Sea 116 224 346 373
HARASARU GARI Dry 362 344 315 261
HYDERABAD Dry 492 988 662 980
JNPT Sea 19035 23181 20454 18387
JODHPUR CONCOR Dry 141
KANDLA Sea 124 124
KANPUR JRY Dry 15
KOLKATA Air 4
KOLKATA Sea 270 786 1481 749
LUDHIANA Dry 48 64
MANGALORE Sea 190 197 404 396
MUMBAI Air 2
MUNDRA Sea 305 843 1578 2212
NAGPUR Dry 10 5
NASHIK Dry 9 14
PATPARGANJ Dry 2 2 4 10
PITHAMPUR Dry 248 215
SANAND Dry 208 192
REWARI Dry 52 59 18
TONDIARPET Dry 36 74
TUGHLAKABAD Dry 945 1190 1831 1843
TUTICORIN Dry 229 936 513 245
TUTICORIN Sea 2449 2756 2035 3020
VAPI Dry 213 319 298 341
VIZAG Sea 32 32 64
Total 30086 38919 35708 36366
S
H
A
L
I
M
A
R

I
N
F
O
T
E
C
H

P
V
T

L
T
D
POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (w), Mumbai 400018, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 6

Exhibit: Source Country Destination Port Matrix April 2014







SOURCE PORT
Volume
(MTS)
Sea
Port
Dry
Port
BRAZIL HYDERABAD 143
CANADA TUGHLAKABAD 70
BANGALORE 100
JNPT 10
PATPARGANJ 6
TUGHLAKABAD 16
JNPT 3
TUGHLAKABAD 22
CHENNAI 11
JNPT 50
HARASARU GARI 25
JNPT 149
KOLKATA 47
JNPT 88
REWARI 18
BANGALORE 15
CHENNAI 103
HARASARU GARI 228
JNPT 40
PATPARGANJ 4
MALAYSIA JNPT 260
CHINA
FINLAND
FRANCE
GERMANY
INDONESIA
JAPAN
SOURCE PORT
Volume
(MTS)
Sea
Port
Dry
Port
CHENNAI 96
JNPT 495
MUNDRA 16
TUGHLAKABAD 34
COCHIN 198
JNPT 958
MUNDRA 149
TUTICORIN 322
VAPI 149
AHMEDABAD 176
BANGALORE 96
BARODA DASHRATH 208
CHENNAI 1423
COCHIN 558
HYDERABAD 304
JNPT 5916
KOLKATA 80
MUNDRA 784
TUGHLAKABAD 128
TUTICORIN 48
TUTICORIN 368
VAPI 192
KOREA
KUWAIT
QATAR
S
H
A
L
I
M
A
R

I
N
F
O
T
E
C
H

P
V
T

L
T
D
POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (w), Mumbai 400018, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 7

Exhibit: Source Country Destination Port Matrix April 2014



Source: GoI Import Data

The tables above represent the source country and destination port matrix which lists out the ports which have received the HDPE imports from the
source countries for the month of April 2014. The type of port and the volume involved are also provided.
SOURCE PORT
Volume
(MTS)
Sea
Port
Dry
Port
AHMEDABAD 393
BARODA DASHRATH 48
BHUSAWAL 1881
CHENNAI 575
COCHIN 542
DADRI ALBATROSS 84
GOA 23
HYDERABAD 277
JNPT 7016
KOLKATA 366
MANGALORE 66
MUNDRA 371
PITHAMPUR 198
TUGHLAKABAD 1218
TUTICORIN 197
TUTICORIN 2330
JNPT 551
TUGHLAKABAD 23
SWEDEN TUGHLAKABAD 88
TAIWAN CHENNAI 17
SAUDI ARABIA
SINGAPORE
SOURCE PORT
Volume
(MTS)
Sea
Port
Dry
Port
AHMEDABAD 38
CHENNAI 163
GOA 72
HARASARU GARI 8
JNPT 146
CHENNAI 118
COCHIN 124
GOA 279
HYDERABAD 257
JNPT 2112
JODHPUR CONCOR 141
KANDLA 124
KOLKATA 256
MANGALORE 330
MUNDRA 892
NASHIK 14
PITHAMPUR 17
TONDIARPET 74
TUGHLAKABAD 243
USA JNPT 596
THAILAND
UAE
S
H
A
L
I
M
A
R

I
N
F
O
T
E
C
H

P
V
T

L
T
D
POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (w), Mumbai 400018, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 8

HDPE India Pricing

Exhibit: HDPE Grades Average Monthly Pricing
























Source: PolymerUpdate Price Archives (Reliance Ex-Hazira Rs/Kg Basic)


The table lists out the average prices observed for the respective HDPE grades. Three month and six month averages are also provided. HDPE grades
witnessed a fall in prices in the month of April.





HDPE Film Blow moulding Injection Pipe Raffia
Apr-14 106.96 109.29 109.83 113.43 108.34
Mar-14 107.92 109.65 110.79 113.79 113.30
Feb-14 107.96 109.29 110.83 113.43 113.34
Jan-14 105.54 106.87 108.41 111.51 111.42
Dec-13 102.80 103.63 105.67 108.27 108.68
Nov-13 101.71 102.54 104.58 107.18 107.59
Oct-13 101.46 102.29 104.33 106.93 107.34
Sep-13 104.56 105.39 107.43 109.03 110.44
Aug-13 95.96 96.82 99.97 100.48 101.94
Jul-13 95.46 96.32 99.47 99.98 101.44
Jun-13 90.71 91.51 94.61 94.99 96.61
May-13 85.99 86.79 89.89 89.97 91.39
Apr-13 85.80 86.60 89.70 90.05 91.20
Mar-13 87.80 88.60 91.70 92.27 93.20
Feb-13 87.96 88.76 91.86 92.43 93.36
Jan-13 85.64 86.44 89.54 90.11 92.80
3 Month Avg 107.61 109.41 110.48 113.55 111.66
6 Month Avg 105.48 106.88 108.35 111.27 110.45
S
H
A
L
I
M
A
R

I
N
F
O
T
E
C
H

P
V
T

L
T
D
POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (w), Mumbai 400018, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 9

Exhibit: HDPE Film Monthly Prices (Max/Min)






















Source: PolymerUpdate Price Archives (Reliance Ex-Hazira Rs/Kg Basic)

The table lists out the maximum and minimum prices that were observed for HDPE Film. HDPE Film prices registered a price of Rs. 106.96 per Kg in the
month of April.









HDPE Film Minimum Maximum
Apr-14
Mar-14 106.96 107.96
Feb-14
Jan-14 104.46 105.96
Dec-13 102.46 103.46
Nov-13 100.96 102.46
Oct-13 100.96 101.96
Sep-13 103.96 104.96
Aug-13
Jul-13 94.46 95.96
Jun-13 89.46 91.46
May-13 84.96 86.96
Apr-13 84.96 86.46
Mar-13 86.46 88.96
Feb-13
Jan-13 83.96 86.96
106.96
87.96
95.96
107.96
S
H
A
L
I
M
A
R

I
N
F
O
T
E
C
H

P
V
T

L
T
D
POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (w), Mumbai 400018, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 10

Exhibit: M-o-M Average Prices % Change






















Source: PolymerUpdate Price Archives Reliance Ex-Hazira Rs/Kg Basic)

The table lists out the M-o-M changes for the respective HDPE grades considering average monthly prices.





HDPE Film Blow moulding Injection Pipe Raffia
Apr-14 -0.89% -0.33% -0.87% -0.32% -4.38%
Mar-14 -0.04% 0.33% -0.04% 0.32% -0.04%
Feb-14 2.29% 2.26% 2.23% 1.72% 1.72%
Jan-14 2.67% 3.13% 2.59% 2.99% 2.52%
Dec-13 1.07% 1.06% 1.04% 1.02% 1.01%
Nov-13 0.25% 0.24% 0.24% 0.23% 0.23%
Oct-13 -2.96% -2.94% -2.89% -1.93% -2.81%
Sep-13 8.96% 8.85% 7.46% 8.51% 8.34%
Aug-13 0.52% 0.52% 0.50% 0.50% 0.49%
Jul-13 5.24% 5.26% 5.14% 5.25% 5.00%
Jun-13 5.49% 5.44% 5.25% 5.58% 5.71%
May-13 0.22% 0.22% 0.21% -0.09% 0.21%
Apr-13 -2.28% -2.26% -2.18% -2.41% -2.15%
Mar-13 -0.18% -0.18% -0.17% -0.17% -0.17%
Feb-13 2.71% 2.68% 2.59% 2.57% 0.60%
Jan-13 3.32% 3.26% 3.13% 3.11% 2.75%
S
H
A
L
I
M
A
R

I
N
F
O
T
E
C
H

P
V
T

L
T
D
POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (w), Mumbai 400018, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 11


Exhibit: HDPE Film 1 Year Price Movement




Source: PolymerUpdate Price Archives (Reliance Ex-Hazira Rs/Kg
Basic)

The chart shows the price movement for HDPE Film over a one year
time frame.

HDPE Film Price in the beginning of Apr 2013 = Rs. 86.46 per Kg
HDPE Film Price at the end of Apr 2014 = Rs. 106.96 per Kg
% Price change in 1 year = 23.71%




Exhibit: HDPE Film 3 Year Price Movement




Source: PolymerUpdate Price Archives (Reliance Ex-Hazira Rs/Kg
Basic)

The above chart shows the price movement for HDPE Film over a
three year time frame.

HDPE Film Price in the beginning of Apr 2011 = Rs. 69.01 per Kg
HDPE Film Price at the end of Apr 2014 = Rs. 106.96 per Kg
% Price change in 3 years = 54.99%


S
H
A
L
I
M
A
R

I
N
F
O
T
E
C
H

P
V
T

L
T
D
POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (w), Mumbai 400018, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 12

Exhibit: Ethylene India Price Movement

















Source: PolymerUpdate Price Archives (India CFR USD/MT)

Ethylene price in the beginning of Apr 2014 = 1425 USD per MT
Ethylene price at the end of Apr 2014 = 1465 USD per MT
% price change in Apr 2014 = 2.81%

Ethylene prices witnessed a net upside in the month of April.
S
H
A
L
I
M
A
R

I
N
F
O
T
E
C
H

P
V
T

L
T
D
POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (w), Mumbai 400018, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 13

Exhibit: Major Products Price Trends
























Source: PolymerUpdate Price Archives [HDPE (Reliance Ex-Hazira Rs/Kg Basic), LDPE (Reliance Ex-Mumbai Panvel Depot Rs/Kg Inclusive of excise duty),
LLDPE (Reliance Ex-Hazira Rs/Kg Basic), PVC (Reliance Ex-Hazira Rs/Kg Basic), PP (Reliance Ex-Hazira Rs/Kg Basic), PS (Ex-Works Rs/Kg Basic), PET
(Reliance Ex-Hazira Rs/Kg Basic), EVA (Reliance Ex-Works Rs/Kg Basic)]

The table has been formulated by comparing the average price for the particular month as compared to the average price of the preceding month. If the
value is Up, the average price for the particular month was observed to be higher as compared to the average price for the preceding month. If the
value is Down, the average price for the particular month was observed to be lower as compared to the average price of the preceding month. If the
value is No Change, the average prices of the particular month and the preceding month were observed to be the same. We have considered the India
price movements of the following grades: HDPE Film, Blow Moulding, Injection, Pipe, Raffia; LDPE General, Heavy Duty, Injection, Lamination, Milk
Pouch; LLDPE Extrusion Coating, Film, Injection, Rotomoulding; PP Block Copolymer, BOPP Homopolymer, Injection, Raffia, Random Copolymer, TQ
Film; PVC - Suspension; PET Bottle; PS GPPS, HIPS; EVA.
Price Trends HDPE LDPE LLDPE PP PVC PS PET EVA
Jan-13 Up Up Up Up Up Up Up Up
Feb-13 Up Up Up Up Up Up Up Up
Mar-13 Down Up Up Down Up Up Down Up
Apr-13 Down Down Down Down Down No Change Down Down
May-13 Up Up Up Up Down Down No Change Down
Jun-13 Up Up Up Up Up Up Up Up
Jul-13 Up Up Up Up Up Up Up Up
Aug-13 Up Up Up No Change No Change Up Up Down
Sep-13 Up Up Up Up Up Up Up Up
Oct-13 Down Down Down Down Down Down Down Down
Nov-13 Up Down Down Down Down Down Down Up
Dec-13 Up Up Up Up Up No Change No Change Up
Jan-14 Up Up Up Up Up Up No Change Up
Feb-14 Up Up Up Up Up Up Down Up
Mar-14 Up Up No Change Down No Change Up Down Up
Apr-14 Down Up Up Down No Change Down Down Down
S
H
A
L
I
M
A
R

I
N
F
O
T
E
C
H

P
V
T

L
T
D
POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (w), Mumbai 400018, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 14

Important Global News


Shenhua Baotou Coal Chemical is in plans to take off-stream a linear low density polyethylene (LLDPE)/ high density polyethylene (HDPE) swing
plant for maintenance trunaround. A Polymerupdate source in China informed that the plant is likely to be shut in July 2014. It is expected to
remain shut for around one month. Located in Shenhua, China, the plant has a production capacity of 300,000 mt/year

Sinopec SABIC Tianjin Petrochemical is in plans to shut its high density polyethylene (HDPE) plant for maintenance turnaround. A Polymerupdate
source in China informed that the plant is planned to be shut on May 7, 2014. It is likely to remain off-stream for around one month. Located in
Tianjin, China, the plant has a production capacity of 300,000 mt/year

GAIL India Limited has shut its petrochemical complex again following its restart. A Polymerupdate source in India informed that the complex was
shut on March 11, 2014 for maintenance turnaround. The complex was restarted in the last week of March and was reported to have shut again
towards last weekend due to technical issues. Located at Pata, Uttar Pradesh in India. The complex comprises a cracker with an ethylene
production capacity of 500,000 mt/year, a high-density polyethylene/linear low-density polyethylene (HDPE/LLDPE) swing unit having a
production capacity of 210,000 mt/year and two dedicated HDPE plants, each having a production capacity of 100,000 mt/year

Jilin Petrochemical has shut a high density polyethylene (HDPE) plant for maintenance turnaround. A Polymerupdate source in China informed
that the plant was shut on April 10, 2014. The plant is likely to remain off-stream for around one month. Located in Jilin province, China, the plant
has a production capacity of 300,000 mt/year

Fushun Petrochemical restarted a high density polyethylene (HDPE) plant. A Polymerupdate source in China informed that the plant restarted on
April 13, 2014. It was shut for a maintenance turnaround on April 3, 2014. Located at Fushun in Liaoning province of China, the plant has a
production capacity of 350,000 mt/year.

Shanghai Petrochemical has restarted a high density polyethylene (HDPE) plant. A Polymerupdate source in China informed that the plant
restarted on April 26, 2014. It was shut on March 26, 2014 owing to feedstock issues. Located in Shanghai, China, the plant has a production
capacity of 250,000 mt/year


Source: PolymerUpdate Market Intelligence

S
H
A
L
I
M
A
R

I
N
F
O
T
E
C
H

P
V
T

L
T
D
POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (w), Mumbai 400018, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 15

HDPE Offers


Source: PolymerUpdate Market Intelligence












Offered Product
Offerred on
Basis
Offer Price
Offer
Unit
Offer from
Country
Offer to
Country
Expected Shipment Offer Date
Film CIF 1570 USD Saudi Arabia India May-14 25-Apr-14
Blow Moulding CNF 1570-1580 USD Saudi Arabia Pakistan end May/early June 2014 25-Apr-14
Film CNF 1540 USD Saudi Arabia Pakistan end May/early June 2014 25-Apr-14
Injection CNF 1570-1580 USD Saudi Arabia Pakistan end May/early June 2014 25-Apr-14
Film CIF 1590 USD Saudi Arabia India May-14 28-Apr-14
Film CIF 1600 USD Saudi Arabia India May-14 29-Apr-14
Film CIF 1580 USD Saudi Arabia India May-14 29-Apr-14
Film CNF 1550-1570 USD Saudi Arabia Pakistan May-14 29-Apr-14
Blow Moulding CNF 1550-1570 USD Saudi Arabia Pakistan May-14 29-Apr-14
Film CIF 1570 USD Saudi Arabia Nepal end May/early June 2014 30-Apr-14
Injection CIF 1580 USD Saudi Arabia Nepal end May/early June 2014 30-Apr-14
Blow Moulding CIF 1580 USD Saudi Arabia Nepal end May/early June 2014 30-Apr-14
Film CIF 1570 USD Middle East Sri Lanka May-14 30-Apr-14
Film CIF 1550 USD Saudi Arabia India end May/early June 2014 30-Apr-14
Blow Moulding CIF 1560 USD Saudi Arabia India end May/early June 2014 30-Apr-14
Injection CIF 1570 USD Saudi Arabia India end May/early June 2014 30-Apr-14
S
H
A
L
I
M
A
R

I
N
F
O
T
E
C
H

P
V
T

L
T
D
POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (w), Mumbai 400018, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 16

Capacity Projections & Demand Supply Scenario

Exhibit: HDPE Capacity Projections of the major producers in India











Source: Chemicals & Petrochemicals Manufacturer's Association of India (RIL- Reliance Industries Limited; GAIL- Gas Authority of India Limited; HPL-
Haldia Petrochemicals Limited; IOCL- Indian Oil Corporation Limited; OPAL- ONGC Petro Additions Limited; BPCL- Bharat Petroleum Corporation Limited)


Exhibit: Ethylene Capacity Projections of the major producers in India











Source: Chemicals & Petrochemicals Manufacturer's Association of India (RIL- Reliance Industries Limited; GAIL- Gas Authority of India Limited; HPL-
Haldia Petrochemicals Limited; IOCL- Indian Oil Corporation Limited; OPAL- ONGC Petro Additions Limited; BPCL-Assam GC - Bharat Petroleum
Corporation Limited Assam Gas Cracker)



HDPE Capacity (Kt) 2013-14 2014-15 2015-16 2016-17
RIL 490 490 490 490
GAIL 700 700 700 700
HPL 550 550 550 550
IOCL 475 475 475 475
OPAL --- 720 720 720
BPCL 155 155 155 155
Ethylene Capacity (Kt) 2013-14 2014-15 2015-16 2016-17
RIL 1840 1840 3240 3240
GAIL 1000 1000 1000 1000
HPL 670 670 670 670
IOCL 857 857 857 857
BPCL - Assam GC 220 220 220 220
OPAL 0 1100 1100 1100
S
H
A
L
I
M
A
R

I
N
F
O
T
E
C
H

P
V
T

L
T
D
POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (w), Mumbai 400018, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 17

Exhibit: India HDPE Demand Supply













The table provides the India HDPE Demand Supply Snapshot.


Exhibit: India All PE Demand Supply













The table lists out the PE Demand Snapshot for India.




HDPE (Kt) 2010-11 A 2011-12 A 2012-13 A 2013-14 E 2014-15 E 2015-16 E 2016-17 E
HDPE Capacity 1690 1795 1795 1795 1830 2810 2810
LLD/HD Capacity 847 1007 1007 1007 1007 1007 1007
Total Capacity 2537 2802 2802 2802 2837 3817 3817
Production 1216 1503 1501 1486 1621 2521 2606
Imports 330 385 440 410 480 220 230
Exports 55 227 160 115 65 368 500
Apparent Demand 1491 1661 1781 1781 2036 2373 2336
Demand Growth% 10.80% 11.40% 7.22% 0.00% 14.32% 16.55% -1.56%
All PE(Kt) 2010-11 A 2011-12 A 2012-13 A 2013-14 E 2014-15 E 2015-16 E 2016-17 E
Capacity 2826 2965 2980 2980 3065 5115 5565
Production 2072 2519 2457 2485 2654 4488 4996
Imports 970 1060 1217 1179 1313 790 730
Exports 65 251 170 125 77 588 730
Apparent Demand 2977 3328 3504 3539 3890 4690 4996
Demand Growth% 8.40% 11.79% 5.29% 1.00% 9.92% 20.57% 6.52%
S
H
A
L
I
M
A
R

I
N
F
O
T
E
C
H

P
V
T

L
T
D
POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (w), Mumbai 400018, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 18

Exhibit: India Polymer Demand Supply













The table lists out the India Polymer Demand Supply scenario.


Exhibit: India Ethylene Net Availability













All ethylene produced in India is used for local consumption and is not exported.




Ethylene (Kt) 2010-11 A 2011-12 A 2012-13 A 2013-14 E 2014-15 E 2015-16 E 2016-17 E
Capacity 3837 3907 3907 4157 5637 7127 7127
Production 3000 3355 3744 3985 5165 6755 6955
Imports 55 15 23 50 25 25 25
Exports 0 0 0 0 0 0 0
Net Availability 3055 3370 3767 4035 5190 6780 6980
Polymers (Kt) 2010-11 A 2011-12 A 2012-13 A 2013-14 E 2014-15 E 2015-16 E 2016-17 E
Capacity 8348 8487 8967 9882 10089 12290 12740
Production 6854 7682 7958 8424 9059 11311 12089
Operating Rate 82% 91% 89% 85% 90% 92% 95%
Imports 2087 2404 2970 2777 2957 2688 2907
Exports 722 1121 1057 1005 1215 1667 1641
Net Trade -1365 -1283 -1913 -1772 -1742 -1021 -1266
Apparent Demand 8219 8965 9871 10196 10801 12332 13355
Demand Growth% 7.40% 9.08% 10.11% 3.29% 5.93% 14.17% 8.30%
S
H
A
L
I
M
A
R

I
N
F
O
T
E
C
H

P
V
T

L
T
D
POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (w), Mumbai 400018, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 19

GoI 5 Year Plan CAGR Figures


















Source: GoI 12th 5 Year Plan on Petrochemicals

The table gives the Actual CAGR achieved in the 11th 5 Year Plan (2005/06 2011/12) and the projected CAGR for the 12th 5 year Plan (2011/12
2016/17) and 13th 5 year Plan (2016/17 2021/22) for HDPE and Ethylene. As per government projections, HDPE is likely to enjoy above GDP growth
rates in the 12th and 13th 5 Year plan periods.


5 Year Plan Parameter HDPE Ethylene CAGR
Capacity Creation 9.20% 9.00%
Demand 10.90% 7.00%
Capacity Creation 11.10% 12.90%
Demand 9.20% 12.40%
13th 5 Year Plan
Growth (2016/17 -
2021/22)
Demand 9.00% 0.80%
11th 5 Year Plan
Growth (2005/06 -
2011/12)
12th 5 Year Plan
Growth (2011/12 -
2016/17)
Actual
Projected
S
H
A
L
I
M
A
R

I
N
F
O
T
E
C
H

P
V
T

L
T
D
POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (w), Mumbai 400018, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 20

South Asia Import Duty Structure





















Products Basic Duty %
Countervailing
Duty (CVD) %
Education Cess
on CVD %
Special
Additional Duty
(SAD) %
TOTAL DUTY %
LDPE 7.5 12 3 4 25.852
LLDPE 7.5 12 3 4 25.852
HDPE 7.5 12 3 4 25.852
PP-Homopolymer 7.5 12 3 4 25.852
PP-Copolymer 7.5 12 3 4 25.852
GPPS 7.5 12 3 4 25.852
HIPS 7.5 12 3 4 25.852
PVC 7.5 12 3 4 25.852
PET 7.5 12 3 4 25.852
INDIA
Products Basic Duty % VAT %
Advance Income
Tax (AIT)
Advance Trade
VAT (ATV)
TOTAL DUTY %
LDPE 5 15 5 3 28
LLDPE 5 15 5 3 28
HDPE 5 15 5 3 28
PP-Homopolymer 5 15 5 3 28
PP-Copolymer 5 15 5 3 28
GPPS 5 15 5 3 28
HIPS 5 15 5 3 28
PVC 5 15 5 3 28
PET 5 15 5 3 28
BANGLADESH
S
H
A
L
I
M
A
R

I
N
F
O
T
E
C
H

P
V
T

L
T
D
POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (w), Mumbai 400018, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 21
























Products
Customs Import
Duty (CID) %
PAL (Port &
Airport
Development
Levy) %
Nation Building
Tax (NBT) %
VAT % TOTAL DUTY %
LDPE 0 5 2 12 19
LLDPE 0 5 2 12 19
HDPE 0 5 2 12 19
PP-Homopolymer 0 5 2 12 19
PP-Copolymer 0 5 2 12 19
GPPS 0 5 2 12 19
HIPS 0 5 2 12 19
PVC 0 5 2 12 19
PET 0 5 2 12 19
SRI LANKA
Customs Import
Duty (CID) %
VAT %
Customs Import
Duty (CID) %
VAT %
LDPE 6.5 13 19.5 10 13 23
LLDPE 6.5 13 19.5 10 13 23
HDPE 6.5 13 19.5 10 13 23
PP-Homopolymer 6.5 13 19.5 10 13 23
PP-Copolymer 6.5 13 19.5 10 13 23
GPPS 6.5 13 19.5 10 13 23
HIPS 6.5 13 19.5 10 13 23
PVC 6.5 13 19.5 10 13 23
PET 6.5 13 19.5 10 13 23
Products
If imported from India If imported from countries other than India
TOTAL DUTY % TOTAL DUTY %
NEPAL
S
H
A
L
I
M
A
R

I
N
F
O
T
E
C
H

P
V
T

L
T
D
POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (w), Mumbai 400018, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 22













Data collected from various sources
Products
Customs Import
Duty (CID) %
Sales Tax % Income Tax % TOTAL DUTY %
LDPE 5 17 5 27
LLDPE 5 17 5 27
HDPE 5 17 5 27
PP-Homopolymer 5 17 5 27
PP-Copolymer 5 17 5 27
GPPS 15 17 5 37
HIPS 15 17 5 37
EPS 15 17 5 37
PVC 10 17 5 32
PAKISTAN
S
H
A
L
I
M
A
R

I
N
F
O
T
E
C
H

P
V
T

L
T
D
POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (w), Mumbai 400018, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 23

Crude Price Movement V/s INR performance against the USD


















Source: PolymerUpdate Market Intelligence, RBI currency reference rates

The graph shows the movement of Dated Brent, Nymex crude and the INR performance against the USD. The Y-axis on the left is USD/barrel rate while
the Y-axis on the right represents the conversion rate.

INR value against the USD in the beginning of Apr 2014 = 59.65 per USD
INR value against the USD at the end of Apr 2014 = 60.34 per USD
% net value change in Apr 2014 = 1.78% (depreciation)

Dated Brent price in the beginning of Apr 2014 = 105.62 USD per barrel
Dated Brent price at the end of Apr 2014 = 108.07 USD per barrel
% net price change in Apr 2014 = 2.32%

Nymex crude price in the beginning of Apr 2014 = 99.74 USD per barrel
Nymex crude price at the end of Apr 2014 = 99.74 USD per barrel
% net price change in Apr 2014 = 0%

S
H
A
L
I
M
A
R

I
N
F
O
T
E
C
H

P
V
T

L
T
D
POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (w), Mumbai 400018, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 24

India GDP Growth Projections 2014-15









Data collected from various sources




















Organization GDP Growth
ADB 5.5%
Crisil 6.0%
DBS 5.5%
Goldman Sachs 5.5%
IMF 5.4%
World Bank 6.2%
Macquarie 5.4%
NCAER 5.1-5.5%
S
H
A
L
I
M
A
R

I
N
F
O
T
E
C
H

P
V
T

L
T
D
POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (w), Mumbai 400018, INDIA | Email: [email protected] | Tel: +91-22-61772000 (25 lines) | Fax: +91-22-61772025 25



We will be happy to receive any feedback/suggestions on this analysis.

Also, if there are any queries, then please do not hesitate to get in touch with us at [email protected].


Note: The Govt. of India has decided as a policy matter to not disclose the names of the importers/exporters on the ground that revealing such
information would violate commercial confidentiality. These rules are in the nature of subordinate legislation and have the legal force of the Parliament.
Please refer to Notification No. 128/2004-Customs (N.T) Direct Link: http://www.cbec.gov.in/customs/cs-act/notifications/notfns-2k4/csnt128-2k4.htm

The content in this report wherever the source is mentioned as the GoI 12th 5 Year Plan on Petrochemicals is owned by the Planning Commission,
Government of India and its further distribution is strictly forbidden without permission of the Planning Commission, Government of India.
Disclaimer: This analysis makes use of Import data procured from the Indian Customs and is being made available on an as is basis. We have
attempted to refine the raw database by removing records with sweep/reprocessed/off-grade material shipments and records with non-standard units. We
have undertaken our best efforts in refining the database while formulating our statistics; however, customs data is known to include repetitions which are
difficult to verify independently and may have inadvertently got included in this analysis. The figures have been rounded off during some calculations;
hence some totals/subtotals may not match exactly. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness
or correctness of the information/opinions contained herein. It is advisable that all figures be considered as approximate.

In no event will Shalimar Infotech be liable for any expense, loss or damage including, without limitation, indirect or consequential loss or damage, or any
expense, loss or damage whatsoever arising from use, or loss of use, of data, arising out of or in connection with the use of this report. The content of
this report cannot be reproduced without obtaining permission from Shalimar Infotech Pvt. Ltd. All rights reserved.











S
H
A
L
I
M
A
R

I
N
F
O
T
E
C
H

P
V
T

L
T
D