Latest Market News
Reliance Announces Price Hike for Various Polymer Grades Effective May 22, 2024
Reliance has announced a price increase for several polymer grades starting from May 22, 2024. The prices for all PVC grades have been increased by Rs. 3000 per...
India to Enforce Quality Standards for Woven Sacks in Packaging Industry Starting June 6
India is set to enforce mandatory quality norms for woven sacks used in packaging polymers, cement, fertilizers, and postal bags, beginning June 6, 2024. This initiative aims to...
INR/USD Pair Shows Mixed Performance Amid Fed Rate Cut Expectations and Trade Deficit Concerns
The Indian Rupee (INR) closed at 83.37 against the US Dollar (USD), marking a complex trading period influenced by a blend of domestic and international factors. Over the...
May 2024 Polymer Price Adjustments: Updates from Leading Producers
IOC Polymer Price Revision (Effective 16.05.2024) LLDPE: Decrease of Rs 2000/MT for all grades except LL Film, which is rolled over. HDPE: Rolled over. PP: Rolled over. MRPL...
Domestic Polymer Producer's Special Incentive Scheme for May 2024
IOCL announced a Special Incentive scheme for PP and Flexi APP customers, based on post-sales, against the actual lifting of PP (Prime/Non-Prime grades) during May 2024 as follows:...
Crude Oil Prices Retreat Amid Surprising Inventory Build-Up and OPEC+ Uncertainty
As of the most recent trading session, crude oil closed at $82.7 per barrel, showcasing a slight decline from previous figures. Over the past week, it experienced a...
Natural Gas Market Dynamics Amidst Fundamental Pressures
Natural gas prices surged above $2, supported by technical indicators hinting at bullish momentum. Despite this, fundamental challenges loom large, with news of ample supply and subdued demand...
India Asserts Consensus-Based Approach in Plastic Pollution Agreement Negotiations
During the Fourth Session of the Intergovernmental Negotiating Committee (INC) on plastics, India stood firm on its stance, declaring its support for an international legally binding agreement on...
April 2024 Domestic Polymer Producer Incentive Scheme
IOCL Announces Scheme on PE HD/LL Exclusively for April 2024. Customers receive a discount of Rs. 1500/MT on HD Raffia/Tarpaulin. Additionally, a discount of Rs. 2500/MT is applicable...
Bhansali Engineering Polymers announces ABS capacity expansion to 2 TPA
The Board of Bhansali Engineering Polymers Limited discussed the proposed enhancement of production capacity of ABS from 75,000 ΤΡΑ to 200,000 ΤΡΑ (earlier 145,000 TPA) at company's existing...
