Price Adjustments in Indian Polymer Market (October 2023)

In South Asia (Indian Sub-Continent), internation offer for the polymer witnesses significant changes for October 2023. Here's a summary of the updates in US$/MT: Polypropylene (PP) Prices: PP Film: Reduced by $20 to $990 PP Injection: Reduced by $20 to $970 PP Raffia: Reduced by $20 to $970 PP CP: Reduced by $20 to $1010 BOPP: Reduced by $20 to $988 Reliance Industries Limited (RIL): Announces discount schemes X (for HDPE) and Y (for LLDPE) with the amount of discount to be disclosed later in the month. RIL PP Price Adjustment: All PP prices reduced by Rs. 2/kg basic, with the exception of PP RCP grade, which is reduced by Rs. 4/kg basic, effective from October 19, 2023. Price protection in PP is in effect until the month-end or the next price change, whichever comes earlier. Haldia Petrochemicals Limited (HPL): Reduces all PP prices by Rs. 2/kg basic, except PP RCP grades, which are lowered by Rs. 4/kg basic, starting October 19, 2023. ONGC Petro additions Limited (OpaL): Reduces PP prices by Rs. 2/kg basic, effective from October 19, 2023. Indian Oil Corporation Limited (IOCL): Announces PP and PE price revision effective October 19, 2023. PP homo and ICP grade prices reduced by Rs. 2/kg basic, except PP RCP grade prices, which are down by Rs. 4/kg. LLDPE film grade prices decreased by Rs. 3.50/kg basic, while other LLDPE and HDPE grade prices remain unchanged. Price protection in LLDPE film grade is withdrawn. Price protection in PP remains in effect until November 1, 2023, or the next price change, excluding deemed exports, exports, and contractual sales 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