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. LDPE: LD Ext Coating prices reduced by ₹5000/MT. Other LDPE prices rolled over. LLDPE: Prices rolled over. PET (w.e.f. 1st December 2024): All PET grades prices increased by ₹1500/MT. PP (w.e.f. 1st December 2024): All PP grades prices rolled over. Indian Oil Corporation Limited (IOCL): PP Grades: Prices rolled over. HDPE: Pipe grades reduced by ₹3500/MT. Other HDPE grades reduced by ₹2500/MT. LLDPE: Prices rolled over. Haldia Petrochemicals Limited (HPL): HDPE: Pipe grades reduced by ₹3500/MT. Other HDPE grades decreased by ₹2500/MT. LLDPE: Prices rolled over. GAIL (India) Limited: HDPE: Pipe grades (E52A003, E52U003, P52A003, P54A001, and P46A010U) reduced by ₹3500/MT. Other HDPE grades decreased by ₹2500/MT. LLDPE: Prices rolled over. Key Market Indicators: Customs Exchange Rates (w.e.f. 6th December 2024): Import valuation: ₹85.65/USD (+₹0.30) Export valuation: ₹83.90/USD (+₹0.30) RBI Monetary Policy Update: Repo Rate: Unchanged at 6.50%. CRR: Reduced by 50 basis points to 4%. For more detailed information on these price adjustments, it is recommended to refer to the respective companies' official price circulars. Disclaimer: PolyMart does not offer guarantees regarding the accuracy, reliability, or completeness of the information provided on its platform. Users are advised to independently verify any data before relying on it for decision-making purposes.
