"What moved markets — and why it matters for your next polymer buy." — Credco
The Indian rupee has weakened against the US dollar over the past week, with the exchange rate reaching approximately ₹94.95 per dollar on October 24, 2026, according to the provided exchange-rate screenshot. The chart shows the rupee moving from around ₹95 per dollar a week e…
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India’s crude oil imports from the Middle East recovered to levels last seen before the war in September, supported by increased oil shipments through the Strait of Hormuz. Meanwhile, India’s purchases of Russian crude declined as Chinese buyers increased competition for Russi…
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Polymer futures on the Dalian Commodity Exchange showed a mixed trend on Thursday, October 22, 2026. LLDPE and PP futures settled largely unchanged, while PVC and MEG recorded gains during the session. January LLDPE futures closed mostly unchanged at CNY 8,648/ton ($1,147/ton …
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Asian propylene prices remained largely stable at six-month highs this week after rising sharply over the previous two weeks. The earlier rally was driven by aggressive buying from Chinese traders amid an unexpected supply squeeze, pushing Northeast Asian prices to $1,350/ton …
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Iran’s oil held in floating storage has nearly been depleted amid the US naval blockade, according to a report by the *Wall Street Journal*, citing data from Kpler. The decline could add further pressure to global oil supplies as Iranian crude shipments face increasing restric…
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Vietnam’s PVC import market has seen a significant change in its supply mix over recent years, with the United States emerging as a leading source alongside established suppliers such as China and Taiwan. After remaining relatively limited before 2025, US shipments increased s…
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Maersk and Hapag-Lloyd are preparing to resume almost all their shipping services through the Suez Canal by the first quarter of 2027, according to a media report. The move is expected to coincide with further adjustments to their Gemini Cooperation network, with changes to As…
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Polymer futures on China’s Dalian Commodity Exchange recorded mixed movements on Wednesday, October 21, 2026. LLDPE and PP contracts closed lower, while PVC and MEG futures posted gains. LLDPE Futures January LLDPE futures settled at CNY 8,995/ton ($1,192/ton excluding VAT), d…
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European polypropylene (PP) markets accepted higher prices in October, with deals concluded €50–100/ton above previous levels across Italy and Northwest Europe. However, weak demand and comfortable buyer inventories prevented sellers from achieving their initial increase targe…
Read dispatchEvery rupee shift in PP, PE, PVC or PET ripples through India's packaging, agri-pipe, automotive and FMCG value chains. The Credco Wire tracks the supply shocks, force majeures, crude swings and policy moves that set those rupees in motion — so traders, processors and procurement teams see the why behind every tick on the Credco exchange.
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