Latest Market News
Crude Realities: Factors Influencing Recent Price Movements
Over the past week, crude oil prices have seen a notable 5% decline, closing at $79.11 per barrel, contrasting with the 4% increase observed a month ago when...
Polymer Price Adjustments: Comprehensive Overview of February 1, 2024, Revisions by Domestic Polymer Producer.
The domestic polymer producer company has implemented adjustments to its polymer prices, effective from February 1, 2024. Here's a breakdown of the revisions: Reliance Industries Limited (RIL): PET...
SABIC greenlights $6.4bn petrochemical complex in China
Saudi Basic Industries Corp. has given its go-ahead for a $6.4 billion investment to build a petrochemical complex in Fujian, solidifying its partnership with China. To be developed in...
Plastics Industry Association Urges Unified Effort to Boost Recycling Rates
In response to a recent Curbside Recycling Report, the Plastics Industry Association (PLASTICS) emphasizes the pressing need for collaborative efforts to enhance recycling practices. PLASTICS' President and CEO,...
Karnataka High Court Upholds Quality Controls on Plastic Imports, Supporting 'Make in India' Initiative
The Karnataka High Court has upheld the Union government's quality control order on the import of plastic raw materials, dismissing a plea by the All India HDPE/PP Woven...
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Comprehensive Overview of Indian Domestic Polymer Price Revisions – January 11, 2024
As of January 11, 2024, Indian polymer producers have announced revisions in their Polypropylene (PP) and Polyethylene (PE) prices. Let's delve into the details of these adjustments provided...
Haldia Petrochemicals to Invest Rs 3,000 Crore in India's First Phenol Plant and On-Purpose Propylene Unit
Haldia Petrochemicals Ltd (HPL) has unveiled plans to invest Rs 3,000 crore in establishing groundbreaking chemical plants in West Bengal. The project includes India's first on-purpose propylene plant...
Crude Oil Faces Volatility: Geopolitical Tensions and Oversupply Concerns
Crude oil experienced a rebound in Tuesday's session, recovering from a more than 3% loss on Monday triggered by Saudi Arabia's decision to cut oil prices. Despite the...
Duty concessions on petrochemical products a sticking point in India-Oman FTA talks
Customs duty concession demand on petrochemical products such as polypropylene and polyethylene, used primarily in the plastics industry, may act as a sticking point in the early conclusion...
Hindalco buys 150 acres land at Payal Industrial Park in Dahej for e-waste recycling unit
Hindalco Industries Limited, a flagship company of the Aditya Birla Group, plans to establish a first-of-its-kind e-waste recycling unit in India. The project aims to transform the e-waste...
