Latest Market News
Reliance becomes first in India to use chemical recycling for circular polymers
Reliance Industries Limited (RIL), operator of the world's largest integrated refining and petrochemical complex, has become the first Indian company to chemically recycle plastic waste-based pyrolysis oil into...
Container freight rates surge along India- Europe maritime route amid Red Sea risks
Container freight (freight) rates along major trade routes between India and Europe have surged following the emergence of security risks to shipping companies. Sources said that the freight...
Recent Red Sea Disruptions Propel Crude Oil to $81/Barrel - Geopolitical Tensions and Rate Cut Hopes Drive Market Dynamics
Crude oil closed at $80.82 per barrel, marking a 1.41% gain in the past week compared to the previous week's value of $79.70 per barrel. Over the last...
India's Strategic Shift: First Rupee Payment for Crude Oil Signals Global Currency Aspirations
India, the world's third-largest energy consumer, recently marked a historic moment by making its first-ever payment in rupees for crude oil purchased from the United Arab Emirates (UAE)....
Navigating Turbulence: Crude Oil Prices Surge Amid Geopolitical Strife and OPEC Exodus
Brent crude oil closed at $80.25 per barrel, marking a substantial 4.83% gain from the previous week's $76.55 per barrel. Despite this weekly surge, the commodity faced headwinds...
Polymer Price Revisions by domestic Companies as of December 21, 2023
Reliance Industries Limited (RIL): Effective December 21, 2023, RIL has increased its PP prices by Re.1/kg basic. Simultaneously, there is a revision in PE prices: LDPE grade prices...
BPCL Greenlights Rs 5,044 Crore Investment for a 400 KMT Polypropylene Unit at Kochi Refinery.
In a significant move, Bharat Petroleum Corporation Limited (BPCL) has received board approval for a substantial investment of Rs 5,044 crore to establish a state-of-the-art Polypropylene (PP) unit...
Nayara Energy Set to Launch Polypropylene Production by First Half of 2024
Nayara Energy, an Indo-Russian crude oil refiner, is on track to commence commercial production at its Polypropylene plant in the Vadinar Refinery, Gujarat, during the first half of...
Crude Awakening: Oil Prices Plunge Amidst Record US Exports and Global Supply Concerns
Crude oil experienced a notable downturn, settling at $74.30 per barrel yesterday, marking a sharp decrease of $2.90 and breaking the $75 per barrel threshold yesterday. Just a...
_1701849987590.png)
Indian Rupee Hits All-Time Low Against US Dollar Amidst Importer Demand
The Indian Rupee is currently trading at 83.42 against the US Dollar, marking an all-time low. It was 83.14 against the USD a month ago, indicating a 0.34%...
