Latest Market News
OPEC+ announces production cuts, causing crude oil prices to rise sharply
OPEC+ surprised the market with an announcement of a production cut of 1.16 million barrels a day. Saudi Arabia led the way by pledging to reduce its supply...
Price revisions by an Indian polymer producer effective from April 1, 2023.
Effective April 1, 2023, Reliance Industries Limited (RIL) has decreased the prices of various polymer grades. The price of PVC grade has been lowered by Rs.4/kg, while the...
Indian Government Grants Extension for Mandatory Quality Certifications of Polyethylene Materials
The Indian government has granted an extension for mandatory quality certifications of Polyethylene Material used in Moulding and Extrusion processes, which includes EVA, HDPE, LDPE, and LLDPE. The...
New Exchange Rate Automation Module (ERAM)
The Indian Customs department is planning to introduce a new Exchange Rate Automation Module (ERAM) to publish daily currency exchange rates on their website, replacing the current system...
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Updates on domestic polymer producer prices
HMEL has rolled over prices for PP and HDPE with effect from March 30, 2023. OPAL has rolled over prices for PP, LLDPE, and HDPE with effect from...
Recent developments in the natural gas sector
Natural gas prices have shown volatility in the recent past. natural gas reaching a three-year low of 1.33 USD per MMBTU on 19-09-2020. The prices then experienced a...
Latest Developments in Crude Oil Price
As of 27.03.2023, the price of crude oil stands at 74.53 USD per barrel, which represents a year-to-date (YTD) price change of -11.6% compared to the closing price...
The recent announcement from domestic polymer producer companies
The following is the polymer grade prices w.e.f 23rd March 2023: OPAL: PP, HDPE, LLDPE roll over. RIL: PP, HDPE, LDPE, LLDPE roll over. MRPL: PP roll over....
Domestic Polymer producer additional incentive scheme for March 2022.
GAIL has announced an APP-linked incentive for PE grades for the month of March 2023 based on the lifting of Prime/Non-Prime grades of PE. The details of the...
Rupee makes a 30-day high due to strong Foreign Investments.
Date: 04-03-2023 In February 2023, the rupee dropped 1% against the U.S. dollar due to uncertainty over the Federal Reserve's rate hikes, but fared better than many other...
