Latest Market News
OPEC+ Approves Higher August Oil Output Amid Improving Market Outlook
OPEC+ has announced a significant increase in oil production for August, approving a hike of 548,000 barrels per day (bpd)—well above the previously anticipated 411,000 bpd.The group, which includes...
India Initiates LLDPE Anti-Dumping Probe Covering Six Countries
India’s Directorate General of Trade Remedies (DGTR) has launched an anti-dumping investigation into LLDPE imports from Kuwait, Malaysia, Oman, Qatar, Saudi Arabia, and the UAE. The probe follows...
OPAL & RIL Announce Polymer Price Increases Across Key Grades Effective July 1, 2025
ONGC Petro additions Limited (OPAL) and Reliance Industries Limited (RIL) have implemented upward price revisions across various polymer categories, reflecting broader market adjustments and cost trends. The new...
Polymer Price Update: Supreme Petrochem & Chemplast Sanmar Hike Rates Effective July 1
Supreme Petrochem Ltd. (SPL) and Chemplast Sanmar — have announced price hikes across key polymer grades, effective July 1, 2025. ? Supreme Petrochem Revises GPPS and HIPS Prices...
India Imposes Five-Year Anti-Dumping Duty on Plastic Processing Machines from China and Taiwan
The Government of India has imposed anti-dumping duties ranging from 27% to 63% on imports of plastic processing machines (PPMs) from China and Taiwan.This measure follows the findings...
India Extends BIS Certification Deadline for PVC Imports to December 2025
? New Implementation Date: 24th December, 2025 In a significant move for the polymer industry, the Government of India has officially extended the deadline for implementing the Bureau...
Crude Oil Prices Soar After US Strikes on Iran’s Nuclear Sites
Crude oil prices surged sharply on Monday morning after the US launched airstrikes on nuclear sites in Iran over the weekend, escalating tensions in the Middle East. Brent...
Rupee Declines Amid Middle East Tensions and Crude Oil Surge; Volatility Remains Contained
The Indian Rupee declined by 17 paise to 86.72 against the US dollar in early trade on Monday, reacting to a sharp rise in global crude oil prices...
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Reliance, Chiripal Hike PET Prices; Supreme Petrochem Raises GPPS & HIPS Rates
Reliance Industries and Chiripal Group have increased the domestic prices of Polyethylene Terephthalate (PET) by ₹3,500 per metric ton, effective June 23, 2025. The hike is likely to...
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Polymer Prices Surge Across Producers Effective 19th June 2025
Leading Indian polymer manufacturers have announced sharp price hikes across PP and PE product lines, effective 19th June 2025, driven by strong upstream trends and improving market sentiment....
