Latest Market News
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August 2023 Polymer Price Updates: Supreme Petrochem, OPal, IOCL, and Reliance Announce Changes
Opal (Effective August 18, 2023, to August 31, 2023): Announced a special incentive in the LLDPE film sector of Rs. 2500/MT. This incentive is applicable up to 125%...
August 9, 2023: Price Adjustments in Polymer Grades by Leading Indian Polymer producing Companies
Effective from August 9, 2023, Reliance Industries Limited (RIL) has raised the prices of all PPHP grades by Rs. 2/kg basic. Additionally, ICP and RCP grade prices have...
Indian Rupee Faces Volatility Amidst Global Uncertainties and RBI Intervention
The Indian rupee concluded a week of fluctuations, closing at 82.69 on August 6, a modest recovery from its recent low of 82.75 on August 3. Plagued by...
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Price revisions by domestic polymer producers in India w.e.f. Aug 01, 2023
Reliance Industries Limited (RIL) has announced revisions in the prices of their Polypropylene (PP) and Polyethylene (PE) products, effective from August 1, 2023. The basic PP prices have...
Oil Prices Stabilize near Three-Month Highs, Set for Biggest Monthly Gains in Over a Year
Oil prices remained steady near three-month highs on Monday, as the market anticipates Saudi Arabia's extension of voluntary output cuts into September. Brent and WTI settled at their...
Oil Prices Face Tug of War as Market Eyes Central Bank Actions and Supply Concerns
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...
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Price revisions by domestic polymer producers in India w.e.f. 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
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...
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Price revisions by domestic polymer producers in India w.e.f. July 06, 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...
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Indian Rupee Shines Amidst Fed Cues and Regional Strength, Outperforms Asian Currencies
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...
