Latest Market News
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...
Brent Crude Slips Below $80 for the First Time in 3 Weeks
Global crude oil prices witnessed a sharp correction as Brent crude settled at USD 79.36 per barrel, marking its first close below the USD 80 level in three weeks. The...
West Asia War Uncertainty Keeps Polymer Business on Edge
Conflicting statements from the U.S. and Iran have renewed uncertainty around the Strait of Hormuz, keeping global energy markets on edge. Brent crude has rebounded above USD 85/bbl,...
Polymer Market Update: Crude Falls $8 – Will Domestic Prices Follow?
Global crude oil prices have corrected sharply, raising expectations of softer polymer prices in India. With Brent crude declining to $82.75/bbl (-5.18%), the market is closely watching whether...
