The recycled LDPE injection market in North Western India remained largely stable during Q1 2025, with all major grades trading close to their early-year levels. However, prices weakened gradually from Q2 onward, reflecting cautious buying sentiment and comfortable supply conditions.

Relative performance analysis shows that natural-grade r-LDPE, while continuing to command a premium, recorded the sharpest correction, declining by around 6% from Q1 average levels by Q3 and remaining flat through the rest of the year.

Colour grades displayed brief resilience during May–July, rising by about 1–1.5% from Q1 levels, but failed to sustain gains and slipped into negative territory by nearly 2% in H2 2025.

Black grades remained the weakest performer, with prices easing steadily after Q1 and falling by around 5% from early-year levels, before stabilising in the second half of the year.

Overall, the narrowing spread between natural, colour, and black grades in H2 2025 indicates increasing price sensitivity among buyers. Market participants largely adopted a hand-to-mouth procurement strategy, keeping upside potential capped despite the stable start to the year.

Note: The analysis reflects percentage change from Q1 2025 average levels and is intended to illustrate relative market performance rather than absolute prices.

These evolving demand–supply dynamics and shifting buyer behaviour across recycled polymers are expected to be key discussion points at Plastic Recycling Conference Asia 2026, organised by PolyMint (formerly AP Industry Conferences), where industry stakeholders will exchange perspectives on market direction, compliance, and growth opportunities.