Latest Market News
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Natural Gas Prices Surge Amid Arctic Blast and Record LNG Exports
Natural gas prices have soared as an Arctic blast grips much of the United States, driving record-high heating demand. With temperatures plunging into the negative teens across northern...
Polymer Industry News Update
Reliance Industries Limited Incentive Scheme for January 2025 Reliance Industries Limited has introduced an incentive scheme for PVC applicable in January 2025: 7% annualized on APP: ₹2,000/MT 8.33%...
Crude Oil Prices Climb to Highest Levels Since October on Seasonal and Global Demand Boost
Crude oil prices climbed to a near three-month high last week, driven by seasonal demand spikes and market optimism fueled by China’s economic stimulus initiatives. Brent crude closed...
Polymer Price Updates Effective 1st January 2025
Reliance Industries Limited (RIL) Polypropylene (PP): Domestic and deemed export prices increased by ₹1,000/MT. PP Deemed Price (H030SG): Increased by ₹1,163/MT. New Basic Price (Ahmedabad): ₹85,657/MT (including ₹1,217...
Reliance Industries Announces December PP Domestic Discounts; Upcoming Plant Shutdown Likely to Impact Supply
Reliance Industries Limited (RIL) has released its discount scheme for Polypropylene (PP) in the domestic market for December 2024. The announced discounts are as follows: Grade X: ₹500/MT...
HMEL Announces Reserve Incentive (RI) Scheme for December 2024; Market Reacts with Slight Price Uptick
HMEL has rolled out its Reserve Incentive (RI) Scheme for Polypropylene (PP) products for December 2024, detailing incentives based on purchase thresholds. The scheme structure is as follows:...
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Rupee Hits Record Low of 85.06 Against US Dollar Amid Global Market Pressures
The Indian rupee slumped to a fresh all-time low of 85.06 against the US dollar in early trade on Thursday. This decline came amid persistent dollar demand and...
Reliance Industries Announces PET Price Hike & OPAL Incentive Scheme
Reliance Industries Limited has announced a price increase for all PET grades by ₹1,500 per metric ton (MT), effective from 17th December 2024. OPAL Incentive Scheme for December...
IOCL Announces Special Incentive Scheme for PE Grades in November 2024
Indian Oil Corporation Limited (IOCL) has declared special incentive amounts for various polyethylene (PE) grades for November 2024. The incentives are applicable based on the percentage of APP...
Weekly Polymer Market Update – December 2024
Price Revisions by Major Polymer Producers (w.e.f. 5th December 2024): Reliance Industries Limited (RIL): HDPE: General HDPE grades reduced by ₹2000/MT. Pipe sector HDPE grades reduced by ₹3000/MT....
