Latest Market News
Polymer Markets Stay Firm as Crude Rises and Geopolitical Risks Persist
Global polymer markets remain firm amid higher crude oil prices, US–Iran tensions and firmer sentiment in China. US–Iran & Energy Market 🔺 US–Iran tensions remain elevated, while uncertainty...
Oil Climbs Above $91 as U.S.– Iran Tensions Keep Energy Markets On Edge
Oil prices moved above $91/bbl as U.S.–Iran tensions continue to create uncertainty in global energy markets. 📊 Market Snapshot 🛢️ Crude Oil: $91.51/bbl ▲ 0.70% 💱 USD/INR: ₹95.73...
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LPG Policy Update: What It Could Mean for PP Buyers
The Ministry of Petroleum and Natural Gas has amended the Petroleum Products (Maintenance of Production, Storage and Supply) Order, 1999, directing refineries and upstream oil companies to maintain...
RIL & IOCL Raise PP Prices by Up to â‚ą5,000/MT
Reliance Industries Limited (RIL) and Indian Oil Corporation Limited (IOCL) have announced polypropylene price increases effective 17 August 2026.RIL Price Revision — Domestic🔺 PP-ICP: +₹2,000 /MT🔺 PP-F&F: +₹4,000 /MT🔺 PP-RCP: +₹5,000 /MTFor...
Crude Oil Near $87 As Hormuz Risks Stay Elevated
Oil prices are holding near $87/bbl as continued U.S. pressure on Iran keeps concerns over crude supplies and strategic shipping routes elevated. The Strait of Hormuz remains the...
PVC Import Cost Pressure Builds as Rupee, Crude and Formosa Offer Rise
Indian PVC buyers face a potentially costlier procurement environment as the rupee weakens, Brent crude strengthens and Formosa raises its PVC offer.As of 12 August 2026, USD/INR stood...
Crude Oil Holds Above $87 as U.S.–Iran Tensions Keep Markets on Edge
Crude oil prices remain elevated, with Brent crude trading near $89.29/bbl, moving closer to the key $90/bbl mark as hopes of a near-term U.S.–Iran resolution fade. Oil prices...
Oil Prices Rise as Hormuz Uncertainty Keeps Markets on Edge
Oil prices moved higher in the 10 August 2026 market session, with Brent crude trading around $84.26/bbl, up approximately 0.85%. Continued uncertainty surrounding tanker movement through the Strait...
Petrochemical Market Caught Between Geopolitics & Weak Demand
Global petrochemical markets continue to remain volatile, with geopolitical developments influencing crude oil and feedstock prices, while actual polymer demand remains relatively weak. Following the price decline in...
Polymer Market Update: Stable Offers, Stable Market
The polymer market remained largely stable on 6 August 2026, with most South Asian international polymer offers unchanged and only LLDPE increasing by USD 5/MT. In India, major...
