Polymer Industry Updates: Incentives and Price Reductions Announced for September 2024
Domestic polymer producers have announced special incentive schemes and price reductions for September 2024. OPaL's Special Incentive Scheme: OPaL (ONGC Petro additions Limited) has introduced a special incentive scheme for its Polypropylene (PP) and Polyethylene (PE) grades for the month of September 2024. The scheme offers attractive discounts based on AMSP order bookings: PP Grades: ≥75%: Discount a1 (₹/MT) ≥100%: Discount a2 (₹/MT) ≥125%: Discount a3 (₹/MT) PE Grades: HDPE: ≥75%: Discount ẞ1 (₹/MT) ≥100%: Discount ẞ2 (₹/MT) ≥125%: Discount ẞ3 (₹/MT) LLDPE: ≥75%: Discount y1 (₹/MT) ≥100%: Discount y2 (₹/MT) ≥125%: Discount y3 (₹/MT) MRPL's Incentive Scheme for PP Grades: MRPL (Mangalore Refinery and Petrochemicals Limited) has launched a CQI-linked special incentive scheme for Polypropylene (PP) for September 2024, based on monthly quotas (MQ): ≥60% & <80% of MQ: MG1 ≥80% & <100% of MQ: MG2 ≥100% of MQ: MG3 Key Highlights 1. The monthly incentive is capped at 120% of MQ. 2. Entire lifting up to 120% of MQ will be eligible for MG3 discounts. 3. Discount values for MG1, MG2, and MG3 will be announced in the first week of October 2024. Price Reductions in Supreme Petrochem's GPPS & HIPS Grades Supreme Petrochem has reduced prices for GPPS and HIPS grades by ₹2,000/MT, effective from 16th September 2024. Price Reductions in PET Grades: Both Reliance Industries Limited and Chiripal have announced reductions in prices of all PET grades, effective from 14th September 2024. The prices have been reduced by ₹3,000/MT. For a comprehensive understanding of these price adjustments, it is advisable to refer to the respective price circulars provided by the companies. Disclaimer 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, losses, or damages 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.
