Latest Market News
The selloff triggered by economic fears caused a 4% drop in crude prices.
On Tuesday, crude oil prices fell over 4% due to fears of a global economic slowdown and weak manufacturing data from China, the world's top crude importer. The...
Oil Prices Remain Range-Bound Amid Mixed Economic Data from China and US
The current price of crude oil is 79.40 USD per barrel, and it has remained range-bound in the past few days. It was trading at 77.30 USD per...
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Price revisions by an Indian polymer producer effective from May 01, 2023.
On May 1st, 2023, Reliance Industries Limited (RIL) stated that the prices for all grades of PP, PET, HDPE, LLDPE, and LDPE would remain unchanged, except for PVC,...
Price revisions by an Indian polymer producer effective from April 27, 2023.
Domestic polymer-producing companies in India have rolled over prices for several types of plastic resins, including Polypropylene (PP), High-density polyethylene (HDPE), Linear low-density polyethylene (LLDPE), Low-density polyethylene (LDPE),...
Domestic Polymer producer additional incentive scheme for April 2022.
RIL has announced Price protection in PVC till 1st May 2023 (06:00AM) w.e.f 24th April, 2023. OPAL has announced an incentive scheme for PP for the month of...
BIS recommends not certifying biodegradable plastics in India due to lack of evidence. Claims of 100% biodegradability are misleading
The Bureau of Indian Standards (BIS) has advised the Ministry of Environment, Forest & Climate Change (MoEF&CC) against certifying biodegradable plastics due to the lack of conclusive evidence...
Price revisions by an Indian polymer producer effective from April 20, 2023.
Domestic polymer-producing companies in India have rolled over prices for several types of plastic resins, including Polypropylene (PP), High-density polyethylene (HDPE), Linear low-density polyethylene (LLDPE), Low-density polyethylene (LDPE),...
Oil Prices Rise on OPEC+ Cuts, But Demand Concerns Linger Amid Economic Slowdown
Today, crude oil prices surged to $86.26 per barrel, marking a 15% increase in just one month from $72.97 per barrel a month ago. However, prices were down...
Government of India Rejects Plastic Industry's Demands for Import Duty and Quality Control Order
The Department of Chemicals and Petrochemicals (DCPC), a part of the Ministry of Chemicals and Fertilizers in the Government of India, has rejected the plastic industry's request for...
Price revisions by an Indian polymer producer.
Supreme Petrochem has increased the prices of GPPS (General Purpose Polystyrene) by Rs. 1500 per MT (Metric Ton) and HIPS (High Impact Polystyrene) grades by Rs. 1500 per...
