October 2023 Polymer Price and Discount Updates from Leading Domestic Polymer-Producing Companies

RIL has unveiled its discountsscheme for October 2023. Under this scheme, the company is offering discounts based on the lifting volumes during specific periods for different product grades: For RCP Grades: Customers will receive a discount of Rs. 3000 per metric ton if they purchase 110% of the average non-zero month volume lifted during the H1 period (April to September) of the current year in the month of November. For ICP Grades: Customers will receive a discount of Rs. 2500 per metric ton if they purchase 100% of the average non-zero month volume lifted during Q2 (July to September) of the current year in the month of November. For Fibre and Filament Products: A flat discount of Rs. 2000 per metric ton applies to all purchases in this category throughout the entire month of November Opal has introduced a price protection scheme for its PE grades, effective from October 6th to October 15th, 2023 Reserves Incentive Discount Scheme (X & Y) for LLDPE and HDPE by HMEL for September 2023: LLDPE Film (Slip, Non-Slip & OG): Rs. 6000/MT LLDPE Roto: Rs. 2500/MT LLDPE Extrusion: Rs. 2500/MT LLDPE High Flow (M2024L): Rs. 3500/MT HDPE Pipe & Blow: Rs. 3000/MT HDPE Injection Low MI: Rs. 4000/MT HDPE Injection HI MI: Re. 1000/MT HDPE Raffia: Re. 1000/MT Incentive Discount Scheme (X & Y) for LLDPE and HDPE by IOCL for September 2023 1. X (Month’s APP lifting >=75% and <100%): 180M50/ 010E52/ 012E50: Rs. 1250/MT 080M60/ 080M60U/ 080M55: Rs. 3000/MT 500M24A/ 065E24A/ 042R35A/042R35U: Rs. 2500/MT 010F18S/ 010F18A/ 010L22S/ 020F18A: Rs. 4400/MT 010DB50/ 012DB54/ 003DB52/ 002DF50/ 010DP45/ 010DP45U/ 004DP44/ 002DP48: Rs. 2000/MT 2. Y (Month’s APP lifting >=100%)    180M50/ 010E52/ 012E50: Rs. 1500/MT    080M60/ 080M60U/ 080M55: Rs. 3500/MT    500M24A/ 065E24A/ 042R35A/ 042R35U: Rs. 3000/MT    010F18S/ 010F18A/ 010L22S/ 020F18A: Rs. 5450/MT    010DB50/ 012DB54/ 003DB52/ 002DF50/ 010DP45/ 010DP45U/ 004DP44/ 002DP48: Rs. 2500/MT Announcements from RIL (Reliance Industries Limited) for October 6, 2023 HDPE grade prices reduced by Rs. 2/kg basic. LLDPE grade prices have been decreased by Rs. 1.50/kg basic. LDPE grade prices have been left unchanged. Announcements from HMEL (HPCL-Mittal Energy Limited) for October 6, 2023 HDPE grade prices are reduced by Rs. 2/kg basic. LLDPE grade prices have been decreased by Rs. 1.50/kg basic. 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