Latest Market News
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...
Polymer Input Prices Witness a Year-long Decline
Date: 07-03-2023 Indian companies are showing an increased interest in purchasing Russian naphtha as an economical feedstock for their refineries and petrochemical plants due to the price restrictions...
Silicon Valley Bank Collapse Causes Jitters in Financial Markets, Resulting in a Dip in Crude Oil Prices.
Date: 14-03-23 Crude oil prices fell by approximately 5% last week, despite a decline of 1.7 million barrels in U.S inventories. The decline in crude oil prices is...
Government notifies the Plastic Waste Management Amendment Rules, 2021, prohibiting identified single use plastic items by 2022.
The Indian government has taken measures to reduce plastic pollution by implementing the Plastic Waste Management Amendment Rules, 2021. These rules ban the use of certain single-use plastics,...
International Polymer Pricing
18-02-2023 The current pricing for other plastic materials such as PP, LLDPE, HDPE, and LDPE also indicates fluctuations in the market. PP, for example, is currently priced at...
International PVC Pricing
18-02-2023 The substantial and alarming drop in prices across multiple markets, particularly in the PVC market, may be attributed to a slowdown in the Chinese realty sector, prompting...
Govt offers 2-year Covid relief to plastic MSMEs
17-02-23 The Indian plastic industry has suffered huge losses due to the pandemic as factories had to shut down during the lockdowns, resulting in a loss of work,...
Indian Polymer Producers Announce Price Revision Effective March 16th, 2023
Date: 17-03-2023 Several major Indian petrochemical companies, including RIL, OPAL, IOCL, HPL, and MRPL, have collectively reduced the prices of their polypropylene (PP) grades by Rs 3.50/kg. Additionally,...
