Latest Market News
Polymer Price Adjustments and Discount Schemes Announced for August 2024
GAIL GAIL has announced an additional CIS-linked post-sale discount scheme for polyethylene (PE) for August 2024 based on CIS lifting: ≥ 100% of MCQ: Discount X ≥ 115%...
Domestic Polymer producer company announce Special Incentive Schemes for July and August 2024
Mangalore Refinery and Petrochemicals Limited (MRPL) has announced a Special Incentive Scheme for the month of July 2024, linked to the CQI of Polypropylene (PP). The incentive amounts...
Crude Oil Prices Plummet Amid Weak Economic Data and Geopolitical Tensions
Crude oil prices have experienced significant declines recently, with WTI Crude trading at an eight-week low and Brent prices at a 29-week low. This sharp drop follows four...
Domestic polymer producer announce Polymer Price Revisions Effective from 1st August 2024
RIL (Reliance Industries Limited) Price Revision: RIL has announced significant revisions to its polymer prices, effective from 1st August 2024. The updates are as follows: PET Grades Prices...
Incentive Schemes Announced by HMEL, IOCL, and RIL for July 2024
HMEL Announces Performance Incentive Scheme for July 2024 HDPE (Prime/Non-Prime/OG Grades) 75% - 100%: Rs. 2500/MT 100% - 125%: Rs. 3000/MT 125% and above: Rs. 3500/MT LLDPE (Prime/Non-Prime/OG...
Natural Gas Prices Decline Amid Rising Production and Storage Surplus
Natural gas prices have recently experienced a significant decline, driven by a combination of increased production, higher storage levels, and disruptions at key export facilities. On Thursday, natural...
July 2024 Incentive and Price Adjustment Schemes Announced by RIL, IOCL, and HMEL
Reliance Industries Limited - July 2024 Incentive Scheme for HDPE and LLDPE Reliance Industries Limited has announced an incentive scheme for High-Density Polyethylene (HDPE) and Linear Low-Density Polyethylene...
China's Polypropylene Export Surge and Its Impact on India: Navigating a Complex Market Landscape
The global polypropylene (PP) market is experiencing significant shifts, with China poised to play an increasingly dominant role. Projections suggest that China's PP exports could reach 2.6 million...
Bharat Petroleum Corporation Ltd. Chooses Univation’s UNIPOL™ PE Process for Major Expansion
Bharat Petroleum Corporation Ltd. (BPCL) has selected Univation Technologies' UNIPOL™ PE Process Technology for two new world-scale polyethylene (PE) production lines at BPCL's Bina Refinery in Madhya Pradesh,...
Crude Oil Prices Surge Amid Geopolitical Tensions and Rising Summer Demand
U.S. crude oil futures rose over 2% ahead of the Fourth of July holiday, continuing a trend that saw a 6% increase last month. This upward movement is...
