In Q1, the price of Polyetherimide (PEI) in India experienced a slight decrease of 0.4%, reflecting the ongoing global market trends of reduced demand in high-performance thermoplastics. This decrease was attributed to slower industrial activity, particularly in sectors like electronics and automotive, which are significant consumers of PEI, whereas the demand for PEI was average from the aerospace industry. The reduction in prices was also linked to improved supply chains and a slight drop in raw material costs, such as Bisphenol A and MDA. Additionally, PEI production levels remained steady, preventing any severe price fluctuations. India’s reliance on imports for high-grade PEI materials plays a role in price sensitivity to global market shifts.
In Q2, the price of Polyetherimide (PEI) in India witnessed a marginal increase of 0.2%, indicating a slow but steady recovery in demand across key industries. The slight price uptick reflects improving industrial activity in sectors such as electronics, aerospace, and automotive, which rely on PEI for its high-performance properties. Supply chain stability, coupled with moderate fluctuations in the cost of raw materials like Bisphenol A, supported this marginal price increase. Additionally, global market dynamics and India’s dependence on imports for specialized PEI grades played a role in shaping the price movement. While the increase was minimal, it signals the beginning of a potential recovery phase for the Indian PEI market.
In Q3, the prices of Polyetherimide (PEI) in India are holding steady, reflecting stability in both supply and demand across key sectors like automotive, aerospace, and electronics. The market seems to be balancing after the marginal fluctuations in previous quarters, with no significant disruptions in production or supply chains. As of August, PEI prices were hovering around USD 25,445/MT, Ex-Mumbai, indicating a stable trading environment. This steady trend is largely attributed to consistent raw material availability and stable industrial activity. Despite global economic uncertainties, the Indian PEI market remains resilient, with demand levels gradually normalizing.
Looking ahead to Q4 2024, the Polyetherimide (PEI) market in India is anticipated to remain stable, continuing the trend observed in Q3. With steady demand from key sectors like automotive, electronics, and aerospace, and no significant supply chain disruptions expected, market conditions are likely to remain balanced. Prices are projected to hover around current levels, provided that raw material costs, such as Bisphenol A and MDA, may remain stable. Additionally, the global market outlook may support this stability, as industrial activities may maintain a consistent pace. Any fluctuations are expected to be minimal, with the Indian PEI market showing resilience amid global economic uncertainties. This stable environment is likely to benefit manufacturers and end-users, ensuring predictable pricing into the year’s end.