Comprehensive Overview of Indian Domestic Polymer Price Revisions – January 11, 2024

As of January 11, 2024, Indian polymer producers have announced revisions in their Polypropylene (PP) and Polyethylene (PE) prices. Let's delve into the details of these adjustments provided by major players in the industry. RIL, a major player in the polymer sector, has increased its PP prices by Rs. 2/Kg basic, effective January 11, 2024. In addition, the PE prices have witnessed varying adjustments across different grades. LLDPE prices have been raised by ₹1.5/Kg basic, while LD GP/HD/LP prices increased by ₹3.0/Kg basic. AL/WC and IM/EC grades have seen increments of ₹2.5/Kg and ₹2.0/Kg basic, respectively. However, HDPE prices have remained unchanged. OPaL has also revised its PP and PE prices, with a Rs. 2/Kg basic increase in PP grade prices and a Rs. 1.50/Kg basic hike in LLDPE grade prices. However, HDPE grade prices have remained unchanged in OPaL's latest announcement. HPL has joined the list of companies announcing price revisions, with a Rs. 2/Kg basic increase in PP grade prices. Similarly, LLDPE grade prices have been generally raised by Rs. 1.50/Kg basic. However, HDPE grade prices have generally been rolled over, indicating stability in this segment. GAIL has declared PE price adjustments, with LLDPE grade prices increased by Rs. 1.50/Kg basic. Conversely, HDPE grade prices have remained unchanged in GAIL's latest update. HMEL has raised PP grade prices by Rs. 2/Kg basic and increased all LLDPE grade prices by Rs. 1.50/Kg basic. Notably, HDPE grade prices have remained constant in HMEL's recent revision. IOCL has also participated in the industry-wide price adjustments, increasing PP grade prices by Rs. 2/Kg basic and LLDPE grade prices by Rs. 1.50/Kg basic. However, HDPE grade prices have not witnessed any changes in IOCL's recent announcement. MRPL has increased its PP prices by Rs. 2/Kg basic, aligning with the industry trend. As of January 11, 2024, MRPL has made no changes to its LLDPE and HDPE grade prices. For a comprehensive understanding of these price adjustments, it is advisable to refer to the respective price circulars provided by the companies. PolyMart does not provide any assurances or guarantees regarding the reliability, accuracy, completeness, or quality of the information available on its website, app, or through any of its services. Therefore, the company is not responsible for any errors, omissions, losses, or damages that may result from the use of the website or app. It is advisable for users to exercise caution and independently verify any information obtained from these sources before relying on it for any purpose.