Latest Market News
China's Polypropylene Export Surge and Its Impact on India: Navigating a Complex Market Landscape
The global polypropylene (PP) market is experiencing significant shifts, with China poised to play an increasingly dominant role. Projections suggest that China's PP exports could reach 2.6 million...
Bharat Petroleum Corporation Ltd. Chooses Univation’s UNIPOL™ PE Process for Major Expansion
Bharat Petroleum Corporation Ltd. (BPCL) has selected Univation Technologies' UNIPOL™ PE Process Technology for two new world-scale polyethylene (PE) production lines at BPCL's Bina Refinery in Madhya Pradesh,...
Crude Oil Prices Surge Amid Geopolitical Tensions and Rising Summer Demand
U.S. crude oil futures rose over 2% ahead of the Fourth of July holiday, continuing a trend that saw a 6% increase last month. This upward movement is...
Polymer Price Revisions Effective from July 1, 2024
Leading polymer manufacturers in India have announced significant price revisions across various grades of polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), and other polymers, effective from July 1,...
The Surge in Sea Freight Rates: Causes and Implications
As of June 2024, sea freight rates have experienced a significant surge, impacting the global supply chain. Understanding the factors behind this increase involves looking back at trends...
USD/INR Movement Amidst Foreign Inflows and Economic Factors
The Indian Rupee (INR) has shown resilience recently, maintaining its position against the US Dollar (USD) due to expectations of significant foreign investment inflows, despite economic pressures like...
BPCL to Invest Rs 50,000 Crore in New Refinery and Petrochemical Expansion
Bharat Petroleum Corporation Limited (BPCL) has announced plans to build a new 12 million metric tonnes per annum (MMTPA) refinery, investing Rs 50,000 crore. The state-owned oil marketing...
Crude Oil Price Movement: Snapping a Three-Week Losing Streak Amidst Market Forecasts
U.S. crude oil prices rebounded nearly 4% last week, breaking a three-week losing streak. The recent gains reflect expectations of tighter market conditions heading into the third quarter...
Polymer Price Revisions Announced by domestic polymer producer Effective June 13, 2024
Domestic polymer producer have announced significant revisions to their polymer prices effective June 13, 2024. RIL PE: All HDPE up by ₹2000/Mt, except Pipe which is up by...
Polymer Price Revisions Announced by domestic polymer producer Effective June 1, 2024
Domestic polymer producer have announced significant revisions to their polymer prices effective June 1, 2024. RIL Price Revisions LLDPE (Linear Low-Density Polyethylene): Prices increased by Rs. 2500/MT. HDPE...
