Reliance Industries Announces December PP Domestic Discounts; Upcoming Plant Shutdown Likely to Impact Supply

Reliance Industries Limited (RIL) has released its discount scheme for Polypropylene (PP) in the domestic market for December 2024. The announced discounts are as follows: Grade X: ₹500/MT Grade Y: ₹1,000/MT Grade Z: ₹1,500/MT ICP: ₹1,000/MT RCP: ₹1,500/MT Supply Concerns Amid Plant Shutdown A major PP manufacturer based in the western region of India, along with a newly commissioned plant by another polymer producer, is set to shut down for 2–3 weeks in January 2025. This development is expected to significantly impact material availability. Additionally, the lower-than-expected discounts for December could further drive a price surge in the coming weeks. Extension of BIS Certification Deadline In a significant regulatory update, the Government of India has extended the deadline for implementing the Bureau of Indian Standards (BIS) quality certifications for Polypropylene (PP). The new deadline has been pushed to June 24, 2025, providing stakeholders with additional time for compliance. For more detailed information, refer to the official circular. Disclaimer: PolyMart does not offer guarantees regarding the accuracy, reliability, or completeness of the information provided on its platform. Users are advised to independently verify any data before relying on it for decision-making purposes