Latest Market News
Crude Oil Prices Plummet Amid Easing Geopolitical Tensions
Crude oil prices fell sharply by over 4% on Tuesday, primarily driven by reports that Israel is not planning to strike Iran's oil industry. This development has alleviated...
Domestic Polymer Producer Announce Key Price Adjustments for October 2024
Domestic polymer producer have announced important price revisions across various polymer categories, effective from October 1, 2024. RIL Price Updates: LLDPE/HDPE: Prices have been rolled over. PVC: Prices...
Reliance and GAIL Announce Discount Schemes for HDPE and LLDPE for September 2024
Reliance Industries Limited has declared a discount scheme for HDPE and LLDPE for September 2024 based on annual APP quantity slabs: For lifting 8.33% and above of the annual...
India Should Adopt National Bio-Plastics Policy, Report Recommends
A report by EY and ASSOCHAM has urged India to implement a National Bio-Plastics Policy with fiscal incentives and regulatory support to boost the bio-plastics sector. Titled *Incentivising...
Polymer Industry Updates: Incentives and Price Reductions Announced for September 2024
Domestic polymer producers have announced special incentive schemes and price reductions for September 2024. OPaL's Special Incentive Scheme: OPaL (ONGC Petro additions Limited) has introduced a special incentive...
RIL and Haldia Petrochemicals Announce September 2024 Incentive Schemes for PP, HDPE, and LLDPE Sales
Reliance Industries Limited (RIL) and Haldia Petrochemicals Limited (HPL) have introduced their incentive schemes for domestic polypropylene (PP), high-density polyethylene (HDPE), and low-density polyethylene (LDPE) sales for September...
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Indian Importers Still Hesitant to Import PVC Despite Chinese Prices Dropping Below $700 Amid Oversupply
Chinese PVC export prices have dropped below $700/ton for the first time in 20 months, driven by weak local demand and a slowdown in growth. The Indian market,...
Oil Prices Hit Lowest Level Since 2021 as OPEC Slashes Demand Forecast
Crude oil prices have plummeted to their lowest levels since December 2021, with a sharp sell-off driven by OPEC's decision to cut its demand growth forecast for the...
ONGC Proposes ₹1 Lakh-Crore Refinery and Petrochemical Complex in Prayagraj
The Oil and Natural Gas Corporation (ONGC) has announced plans to invest ₹1 lakh crore in a refinery-cum-petrochemical complex in Prayagraj, Uttar Pradesh. The proposed project, with a...
Oil Prices Plummet Amid Libya's Potential Supply Resumption and Global Demand Concerns
Oil prices have plunged to their lowest levels since mid-December, driven by a combination of factors that have rattled the market. Brent crude fell by 4.9% to $73.75...
