HDPE - IMPORT DATA & PRICING ANALYSIS

AUGUST 2013


INDEX
Particulars Page No.

Particulars Page No.
INTRODUCTION 01 FEEDSTOCK PRICE MOVEMENT 08

IMPORT SNAPSHOT HDPE OFFERS TO INDIA 08
HDPE INDIA IMPORT SNAPSHOT 01
IMPORT DATA AVERAGE IN 2013 01 IMPORTANT GLOBAL PLANT NEWS 09
COUNTRY-WISE INDIA HDPE IMPORTS (BY VOLUME) 02
COUNTRY-WISE INDIA HDPE IMPORTS (BY VALUE) 02 DEMAND SUPPLY & NET AVAILABILITY SNAPSHOT
INDIA HDPE DEMAND SUPPLY 09
HDPE INDIA PRICING INDIA ALL PE DEMAND SUPPLY 10
HDPE GRADES AVERAGE MONTHLY PRICING 03 INDIA POLYMER DEMAND SUPPLY 10
HDPE FILM MONTHLY PRICES (MAX/MIN) 03 INDIA ETHYLENE NET AVAILABILITY 10
M-O-M AVERAGE PRICES % CHANGE 04
MAJOR PRODUCTS PRICE TRENDS 04 HDPE INDIA IMPORT DUTY 11
HDPE FILM 1 YEAR PRICE MOVEMENT 05
HDPE FILM 3 YEAR PRICE MOVEMENT 05 GOI 5 YEAR PLAN CAGR FIGURES 11

MAJOR HDPE PRODUCERS CAPACITY PROJECTION CRUDE PRICE MOVEMENT & INR V/S USD 12
HDPE CAPACITY PROJECTION OF MAJOR PRODUCERS IN INDIA 06
ETHYLENE CAPACITY PROJECTION OF MAJOR PRODUCERS IN INDIA 06 INDIA ECONOMIC NEWS 13

PORT PERFORMANCE 07 DISCLAIMER 14


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POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


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

High-Density Polyethylene (HDPE)
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

The table gives a snapshot on HDPE India
imports in terms of volume imported and
monetary value of the imports that have taken
place in 2013. The import volume for the month
of August was recorded at 25050 MTS which is a
15.94% decrease over the import volume of July.
The monetary value of the imports was Rs. 232
crores which is a 12.78% decrease over the
monetary value of HDPE imported in the
preceding month.
Source: GoI 2013 Import Data

Exhibit: Import Data Average in 2013


Source: GoI 2013 Import Data



The table gives out the average figures for HDPE imported into India in 2013. As we can see, the average import per month stands at 30464 MTS, the
average import monetary value per month is Rs. 257 crores. HDPE imports in 2013 have seen an average volume decline of 4.26% and an average
monetary value decrease of 2.22% per month so far into the year.
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%
Volume (MTS) Volume % Value (Rs. Crores) Value %
30464 -4.26% 257 -2.22%
HDPE Monthly
Averages
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POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


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

Exhibit: Country-wise India HDPE imports (by Volume)









Source: GoI August 2013 Import Data

The table lists out the countries from which HDPE was
imported into India, along-with its volume, in the
month of August 2013.

Saudi Arabia, Qatar and UAE occupied the top three
positions.

Exhibit: Country-wise India HDPE imports (by Value)









Source: GoI August 2013 Import Data

The table lists out the countries from which HDPE was
imported into India, along-with its monetary value, in the
month of August 2013.

Saudi Arabia, Qatar and UAE occupied the top three
positions.
Country
Import
Volume
(MTS)
% of India HDPE
August imports
Country
Import
Volume (MTS)
% of India
HDPE August
imports
SAUDI ARABIA 10074 40.22% MALAYSIA 123 0.49%
QATAR 6144 24.53% GERMANY 104 0.42%
UAE 2912 11.62% INDONESIA 88 0.35%
KUWAIT 2408 9.61% SWEDEN 55 0.22%
IRAN 1003 4.00% CHINA 42 0.17%
THAILAND 586 2.34% CANADA 41 0.16%
SPAIN 347 1.38% BRAZIL 40 0.16%
JAPAN 307 1.23% OMAN 18 0.07%
KOREA 299 1.19% ITALY 14 0.06%
USA 157 0.63% FRANCE 4 0.02%
BELGIUM 149 0.59% AUSTRIA 0.1 0.0002%
SINGAPORE 136 0.54%
Country
Import Value
(Rs. crores)
% of India
HDPE August
imports
Country
Import Value
(Rs. crores)
% of India
HDPE August
imports
SAUDI ARABIA 90.22 38.89% SINGAPORE 1.21 0.52%
QATAR 56.03 24.15% MALAYSIA 1.17 0.50%
UAE 28.88 12.45% INDONESIA 0.87 0.38%
KUWAIT 21.68 9.34% SWEDEN 0.68 0.29%
IRAN 9.08 3.91% CHINA 0.54 0.23%
THAILAND 5.50 2.37% CANADA 0.46 0.20%
JAPAN 3.85 1.66% BRAZIL 0.44 0.19%
KOREA 3.30 1.42% ITALY 0.33 0.14%
SPAIN 2.90 1.25% OMAN 0.09 0.04%
USA 1.87 0.81% FRANCE 0.06 0.02%
BELGIUM 1.81 0.78% AUSTRIA 0.001 0.0003%
GERMANY 1.32 0.57%
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POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


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

HDPE India Pricing

Exhibit: HDPE Grades Average Monthly Pricing

HDPE Film Blow moulding Injection Pipe Raffia
Aug'13 Avg 95.96 96.82 99.97 100.48 101.94
Jul'13 Avg 95.46 96.32 99.47 99.98 101.44
Jun'13 Avg 90.71 91.51 94.61 94.99 96.61
May'13 Avg 85.99 86.79 89.89 89.97 91.39
Apr'13 Avg 85.80 86.60 89.70 90.05 91.20
Mar'13 Avg 87.80 88.60 91.70 92.27 93.20
Feb'13 Avg 87.96 88.76 91.86 92.43 93.36
Jan'13 Avg 85.64 86.44 89.54 90.11 92.80
3 Month Avg 94.04 94.88 98.02 98.48 100.00
6 Month Avg 90.29 91.11 94.22 94.62 95.96

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

The table lists out the average monthly prices observed for the respective HDPE grades for 2013. Three month average (Jun13 Aug13) and six month
average (Mar13 - Aug13) are also provided. The month of August saw a minor increase in prices.


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 in
2013. The overall maximum and minimum prices for the year 2013 are also provided. HDPE
Film prices remained constant at Rs. 95.96 in the month of August.


HDPE Film Minimum Maximum
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
2013 Overall 83.96 95.96
87.96
95.96
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POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


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

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. The month of August saw a minor jump in
prices considering monthly averages.

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.
HDPE Film Blow moulding Injection Pipe Raffia
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%
Product Jan'13 Feb'13 Mar'13 Apr'13 May'13 Jun'13 Jul'13 Aug'13
HDPE Up Up Down Down Up Up Up Up
LDPE Up Up Up Down Up Up Up Up
LLDPE Up Up Up Down Up Up Up Up
PP Up Up Down Down Up Up Up No Change
PVC Up Up Up Down Down Up Up No Change
PET Up Up Down Down No Change Up Up Up
PS Up Up Up No Change Down Up Up Up
EVA Up Up Up Down Down Up Up Down
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POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


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

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 beginning of Aug 2012 = Rs. 82.46 per Kg
HDPE Film Price in the end of Aug 2013 = Rs. 95.96 per Kg
% Price change in 1 year = 16.37%


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 beginning of Aug 2010 = Rs. 59.51 per Kg
HDPE Film Price in the end of Aug 2013 = Rs. 95.96 per Kg
% Price change in 3 years = 61.25%



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POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


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

Major Producers Capacity Projection

Exhibit: HDPE Capacity Projections of the major producers in India


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

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)






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
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POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


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

Port Performance

Exhibit: HDPE Import volume at Indian ports and its monetary value

Port Type
Import Volume
handled (MTS)
% of India HDPE
import volume
handled
HDPE Import
Value (Rs.
Crores)
JNPT Sea Sea 12428 49.61% 114.07
CHENNAI Sea Sea 2565 10.24% 23.46
TUTICORIN Sea Sea 2198 8.776% 20.12
MUNDRA Sea Sea 1865 7.45% 18.46
COCHIN Sea Sea 1459 5.82% 13.23
KOLKATA Sea Sea 394 1.57% 3.74
GOA Sea Sea 168 0.67% 1.54
MANGALORE Sea Sea 83 0.33% 0.81
KANDLA Sea Sea 72 0.29% 0.56
AHMEDABAD ICD DRY 1089 4.35% 9.91
TUGHLAKABAD ICD DRY 834 3.330% 8.18
HYDERABAD ICD DRY 584 2.33% 5.13
TUTICORIN ICD DRY 471 1.880% 4.25
VAPI ICD DRY 291 1.162% 2.73
HARASARU GARI ICD DRY 251 1.00% 3.05
BANGALORE ICD DRY 103 0.41% 0.93
NAGPUR ICD DRY 100 0.40% 0.98
LUDHIANA ICD DRY 32 0.13% 0.30
REWARI ICD DRY 18 0.07% 0.18
KANPUR JRY ICD DRY 15 0.06% 0.18
PATPARGANJ ICD DRY 3 0.01% 0.06
NASHIK ICD DRY 2 0.01% 0.02
MUMBAI Air Air 25 0.10% 0.35


JNPT handled the maximum HDPE imports among the seaports while Ahmedabad ICD handled the maximum HDPE imports among the dryports.

Source: GoI 2013 August Import Data
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HDPE IMPORT DATA & PRICING ANALYSIS


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

Feedstock Price Movement

Exhibit: Ethylene August India Price Movement









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

Ethylene price in beginning of Aug 2013 = 1220 USD per MT
Ethylene price in the end of Aug 2013 = 1360 USD per MT
% price change in Aug 2013 = 11.48%



HDPE Offers to India

Exhibit: Some of the HDPE Offers made to India in the month of August


Offered
Product
Offerred on
Basis
Offer Price
Offer
Unit
Offer from
Country
Offer to
Country
Expected
Shipment
Offer Date
Film CIF 1490-1500 USD Middle East India Sep-13 26-Aug-13
Film CNF 1460 USD Middle East India Sep-13 27-Aug-13
Film CIF 1470 USD Saudi Arabia India Sep-13 28-Aug-13
Film CIF 1470 USD Middle East India Sep-13 28-Aug-13
Film CIF 1480 USD Middle East India Sep-13 28-Aug-13

Source: PolymerUpdate Market Intelligence


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POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


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

Important Global News

PTT Global Chemical (PTTGC) has resumed operations at a high density polyethylene (HDPE) plant. A Polymerupdate source in Thailand informed
that the plant restarted operations on August 26, 2013. It was shut in the third week of August for a maintenance turnaround. Located in Map Ta
Phut, Thailand, the plant has a production capacity of 250,000 mt/year.

Daqing Petrochemical is in plans to start production at new PE lines. A Polymerupdate source in China informed that the company intends to start up
two new polyethylene (PE) lines, a 250,000 mt/year low linear density polyethylene (LLDPE) line and a 300,000 mt/year high density polyethylene
(HDPE) line. All the lines are likely to be started in late August or early September 2013.

Yangzi Petrochemical has shut its high density polyethylene (HDPE) plant for maintenance turnaround. A Polymerupdate source in China informed
that the plant was shut on August 27, 2013. The plant is likely to remain off-stream for around one month. Located in Nanjing, Jiangsu province,
China, the plant has a production capacity of 100,000 mt/year.

Wuhan Petrochemical has shut its high density polyethylene (HDPE) unit for maintenance turnaround. A Polymerupdate source in China informed
that the plant was shut on August 30, 2013. The duration of the closure could not be ascertained. Located in Hubei province, China, the plant has a
production capacity of 300,000 mt/year.

Source: PolymerUpdate Market Intelligence

Demand Supply Snapshot

Exhibit: India HDPE Demand Supply








Source: Asia Petrochemical Industry
Conference 2013 India Country Report
(A:Actual, E:Estimate)

The table provides the India HDPE Demand Supply Snapshot. HDPE registered a 9% growth in 2012; this is likely to increase to 12% and 14% in 2013
and 2014 respectively.

HDPE (Kt) 2010 A 2011 A 2012 A 2013 E 2014 E
HDPE Capacity 1513 1740 1740 1740 1900
LLD/HD Capacity 847 1007 1007 1007 1175
Total Capacity 2360 2747 2747 2747 3075
Production 1108 1462 1414 1464 1588
Imports 449 332 449 536 646
Exports 88 242 171 100 61
Apparent Demand 1469 1552 1692 1901 2173
Demand Growth (%) 9.50% 5.70% 9.00% 12% 14%
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HDPE IMPORT DATA & PRICING ANALYSIS


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

Exhibit: India All PE Demand Supply





Source: Asia Petrochemical Industry
Conference 2013 India Country Report
(A:Actual, E:Estimate)

The table lists out the PE Demand Snapshot for India. As we can see, PE recorded a growth of 12% in 2012 and likely to maintain the momentum in 2013
and 2014.

Exhibit: India Polymer Demand Supply

Source: Asia Petrochemical Industry
Conference 2013 India Country Report
(A:Actual, E:Estimate)

The table lists out the India Polymer
Demand Supply scenario. Operating rate
is expected to increase from 83% in 2012
to 86% in 2013 and expected to touch
90% in 2014.

Exhibit: India Ethylene Net Availability


Source: Asia Petrochemical Industry
Conference 2013 India Country Report
(A:Actual, E:Estimate)

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


ALL PE (Kt) 2010 A 2011 A 2012 A 2013 E 2014 E
Capacity 2578 2965 2965 2965 3293
Production 1992 2399 2332 2548 2746
Imports 1087 972 1323 1455 1707
Exports 95 265 176 121 86
Apparent Demand 2984 3106 3479 3881 4366
Demand Growth (%) 9.40% 4.10% 12% 12% 12%
Polymers (Kt) 2010 A 2011 A 2012 A 2013 E 2014 E
Capacity 7905 8467 8907 9447 9875
Production 6358 7102 7434 8116 8867
Operating Rate 80% 84% 83% 86% 90%
Imports 2104 2099 2552 2793 3136
Exports 792 1089 1027 996 965
Net Trade -1313 -1010 -1525 -1797 -2171
Apparent Demand 7670 8113 8959 9913 11037
Demand Growth% 12% 5.80% 10% 11% 11%
Ethylene (Kt) 2010 A 2011 A 2012 A 2013 E 2014 E
Capacity 3826 4080 4080 4080 5180
Production 2827 3355 3744 3735 4421
Imports 109 36 23 50 25
Exports 0 0 0 0 0
Net Availability 2936 3391 3767 3785 4446
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POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


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

HDPE India Import Duty

Exhibit: HDPE Import Duty applicable in India







Source: GoI


GoI 5 Year Plan CAGR Figures

Exhibit: GoI 11th/12th/13th 5 Year Plans 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.







Custom Duty
%
Countervailing
Duty (CVD) %
Educational
Cess on CVD %
Special
Additional
Duty %
Total Duty %
7.5 12 3 4 25.852
HDPE
13th 5 Year Plan Growth
2016/17 - 2021/22
Capacity Demand Capacity Demand Demand
HDPE 9.20% 10.90% 11.10% 9.20% 9.00%
Ethylene 9.00% 7.00% 12.90% 12.40% 0.80%
Products
Projected CAGR
11th 5 Year Plan Growth
2005/06 - 2011/12 2011/12 - 2016/17
12th 5 Year Plan Growth
Actual CAGR
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POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


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

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.












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POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


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India Economic News

HSBC India Purchasing Managers Index


India services PMI contracts further in August
Indian services activity shrank in August at its quickest pace since the depths of the global financial crisis as new business dried up, a survey showed, the
latest evidence that Asias third-largest economy is rapidly losing steam even as policymakers battle a full-blown currency crisis.

The HSBC Services Purchasing Managers Index (PMI) compiled by Markit, slipped to 47.6 in August, the weakest since April 2009, from 47.9 in July.
A number below 50 denotes contraction.


India manufacturing PMI shrinks to 48.5 in August

Indian factory activity shrank for the first time in more than four years last month, adding to the countrys deepening economic malaise even as the
central bank struggles to defend the battered rupee currency, a survey showed.

The HSBC Manufacturing PMI, compiled by Markit, sank to 48.5 in August from 50.1 in July, the lowest reading since March 2009.

The index, which gauges business activity in Indian factories but not utilities, had been close to the 50 mark that separates growth from contraction since
May but falling orders dragged it under last month.


India Credit Rating







Agency India Rating
S&P Rating BBB-
S&P Outlook Negative
Moody's Rating Baa3
Moody's Outlook Stable
Fitch Rating BBB-
Fitch Outlook Stable
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POLYMERUPDATE
HDPE IMPORT DATA & PRICING ANALYSIS


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

India GDP Growth Projection

Exhibit: India GDP Growth Projection 2013-14









Data collected from various sources


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 info@polymerupdate.com.

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 the totals and 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.






Agencies GDP Growth
Reserve Bank of India - July 2013 5.5%
IMF WEO - July 2013 5.6%
World Bank - June 2013 5.7%
ADB - July 2013 5.8%
CRISIL - July 2013 5.5%
HSBC - August 2013 4.0%
BNP Paribas - August 2013 3.7%
Nomura - August 2013 4.2%
JP Morgan - September 2013 4.1%
CLSA - September 2013 4.2%
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