Latest Market News

Oil Prices Face Tug of War as Market Eyes Central Bank Actions and Supply Concerns

Crude oil July 24, 2023

In the midst of a tug of war between central bank actions and tightening supply concerns, oil prices experienced a mixed performance. Brent crude, buoyed by hopes of...

Price revisions by domestic polymer producers in India w.e.f. July 20, 2023

Polymer July 20, 2023

RIL has increased HDPE HM pipe, BM, and Film grade prices by Rs. 1.50/kg basic, while all other HDPE prices remain unchanged. LDPE EC grade price has been...

Europe's Solar Power Surge Impacts U.S. Natural Gas Market While China Offers New Opportunities

Natural Gas July 14, 2023

The growing prominence of solar power in Europe is causing a decline in demand for U.S. natural gas, leading to reduced wholesale electricity prices and utility profits in...

Price revisions by domestic polymer producers in India w.e.f. July 06, 2023

Polymer July 6, 2023

Effective from July 06, 2023, RIL, HMEL, OPAL, and HPL have implemented a price increase for PP (Polypropylene), raising the basic price by Rs. 1.50/kg.   Effective from...

Indian Rupee Shines Amidst Fed Cues and Regional Strength, Outperforms Asian Currencies

₹ - $ July 5, 2023

Over the past year, the USD/INR exchange rate has seen range bound movement, with the current rate at 82.23. The Indian rupee has shown moments of strength, reaching...

Oil Prices Respond Cautiously to Saudi and Russian Cuts Amid Mixed Market Sentiment

Crude oil July 4, 2023

Oil prices exhibited a modest increase in response to cautious supply cuts implemented by Saudi Arabia and Russia. The steady crude oil prices were primarily influenced by a...

Domestic Producers have announced a performance scheme for the month of June 2023 based on the APPQ for FY 2023-24

Polymer July 1, 2023

OPAL has announced the PP and Flexu incentive scheme amounts for PP grades June 2023 as follows: Incentive for APP lifting of 75% to 100 %  (α1) is...

Price revisions by domestic polymer producers in India w.e.f. July 01, 2023

Polymer July 1, 2023

RIL, GAIL, HPCL, IOCL, HPL and MRPL have kept the prices of PP, LLDPE, and HDPE unchanged from July 01, 2023. RIL has also kept the prices of...

Price revisions by domestic polymer producers in India w.e.f. June 22, 2023

Polymer June 22, 2023

RIL, GAIL, HPCL, IOCL, HPL, MRPL, and HMEL have kept the prices of PP, LLDPE, and HDPE unchanged from June 22, 2023. On the other hand, RIL has...

Price revisions by domestic polymer producers in India w.e.f. June 15, 2023

Polymer June 15, 2023

RIL, IOCL, HPL, MRPL, and HMEL have reduced the prices of PP (Polypropylene) by Rs. 2/kg on a basic level, effective from June 15, 2023. The price protection,...