August 2023 Polymer Price Updates: Supreme Petrochem, OPal, IOCL, and Reliance Announce Changes

Opal (Effective August 18, 2023, to August 31, 2023): Announced a special incentive in the LLDPE film sector of Rs. 2500/MT. This incentive is applicable up to 125% of MOU quantity for BOE (Bill of Entry) filing and dispatch between August 18th to August 31st, whichever is applicable. Supreme Petrochem (Effective August 21, 2023), Increased the price of GPPS grade by Rs. 2/kg, HIPS grade prices remain unchanged. GPPS 203EL grade price is now Rs. 107/kg basic, Ex-Nagothane. HIPS SH03 grade price is still Rs. 113/kg basic, Ex-Nagothane. Indian Oil Corporation (IOCL): Announced a flat special incentive discount of Rs. 2500/MT in LLDPE. The discount is applicable on lifting prime and non-prime grades (010F18S, 010F18A, 020F18A & 010122S, and utility grade XFLL). Effective from August 18, 2023, until August 31, 2023. The incentive does not apply to deemed and physical export sales. Reliance (Effective August 18, 2023, to August 31, 2023): Announced a post-sale discount of Rs. 2500/MT in LLDPE Film (1MFI, 2MFI & 3MFI). This discount is applicable to MOU customers. Please refer to the respective companies' official communications for comprehensive details on the price revisions.  PolyMart does not provide any assurances or guarantees regarding the reliability, accuracy, completeness, or quality of the information available on its website, app, or through any of its services. Therefore, the company is not responsible for any errors, omissions, loss, or damage that may result from the use of the website or app. It is advisable for users to exercise caution and independently verify any information obtained from these sources before relying on it for any purpose.