Latest Market News
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Polyethylene Incentive Schemes and Discounts for September 2023
For September 2023, RIL has introduced an incentive scheme: X for HDPE and Y for LLDPE. There is no incentive scheme for LDPE during this month. The details...
USD Gains Strength Against Asian Currencies, Indian Rupee at Two-Week Low
The US dollar continued its upward trajectory against most Asian currencies, reaching a six-month high, fueled by concerns over slowing economic growth and elevated oil prices. The dollar...
Crude Oil Prices Surge to Nine-Month High Amid Global Economic Optimism
In a surprising turn of events, crude oil prices have soared to a nine-month high, with Brent crude reaching $88.89 per barrel today. Recently crude oil trade witnessed...
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September 1, 2023: Price Adjustments in Polymer Grades by Leading Indian Polymer producing Companies
On September 1, 2023, leading Indian polymer-producing companies announced changes in the prices of various polyethylene (PE) and polypropylene (PP) grades. Here's a summary of the price adjustments:...
Oil Prices Face Downward Pressure Amid Global Economic Uncertainty
In a tumultuous period for the oil market, prices have witnessed a steady decline from the once soaring levels of above $80 per barrel. Despite briefly hitting a...
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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%...
August 9, 2023: Price Adjustments in Polymer Grades by Leading Indian Polymer producing Companies
Effective from August 9, 2023, Reliance Industries Limited (RIL) has raised the prices of all PPHP grades by Rs. 2/kg basic. Additionally, ICP and RCP grade prices have...
Indian Rupee Faces Volatility Amidst Global Uncertainties and RBI Intervention
The Indian rupee concluded a week of fluctuations, closing at 82.69 on August 6, a modest recovery from its recent low of 82.75 on August 3. Plagued by...
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Price revisions by domestic polymer producers in India w.e.f. Aug 01, 2023
Reliance Industries Limited (RIL) has announced revisions in the prices of their Polypropylene (PP) and Polyethylene (PE) products, effective from August 1, 2023. The basic PP prices have...
Oil Prices Stabilize near Three-Month Highs, Set for Biggest Monthly Gains in Over a Year
Oil prices remained steady near three-month highs on Monday, as the market anticipates Saudi Arabia's extension of voluntary output cuts into September. Brent and WTI settled at their...
