OPAL and IOCL Announce Incentive Schemes for PE and PP

OPaL (ONGC Petro additions Limited) has introduced its AMSP Linked Incentive Scheme for Polypropylene (PP) and Polyethylene (PE) for November 2024. The scheme offers tiered discounts based on the percentage of AMSP order bookings. OPAL’s AMSP Linked Incentive Scheme Details Polypropylene (PP) Incentives - Discount in ₹/MT ≥80% order booking- Discount: a1 ≥100% order booking - Discount: a2 ≥125% order booking - Discount: a3 Polyethylene (PE) Incentives HDPE Grades  ≥80% order booking- Discount: ß1 ≥100% order booking - Discount: ß2 ≥125% order booking - Discount: ß3 LLDPE Grades ≥80% order booking - Discount: y1 ≥100% order booking - Discount: y2 ≥125% order booking - Discount: y3  IOCL’s Special Incentive Scheme for October 2024 PE Grades Indian Oil Corporation Limited (IOCL) also announced a Special Incentive Scheme for October 2024, specifically for various PE grades. The incentives are categorized based on the percentage of APP lifting, offering substantial discounts across different PE applications: LLDPE Film and Drip Grades ≥75% lifting - ₹1,500/MT ≥100% lifting - ₹2,000/MT ≥120% lifting - ₹2,500/MT Other LLDPE Grades ≥75% lifting- ₹500/MT ≥100% lifting - ₹1,000/MT ≥120% lifting - ₹1,500/MT HDPE Pipe, GPBM, MBM, HM Film Grades ≥75% lifting - ₹1,000/MT ≥100% lifting- ₹2,000/MT ≥120% lifting - ₹3,000/MT Other HDPE Grades ≥75% lifting - ₹1,000/MT ≥100% lifting - ₹1,500/MT ≥120% lifting - ₹2,500/MT 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.