Latest Market News
RIL & IOCL Announce Major Polymer Price Cuts; RIL Introduces Early Bird Incentive
Reliance Industries Limited (RIL) and Indian Oil Corporation Limited (IOCL) have announced significant downward revisions in polymer prices, offering immediate relief to polymer processors and buyers. Key Highlights...
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Government Extends Zero Import Duty on Polymers; RIL Defers PE & PVC Price Revision
The Government of India has extended the zero import duty on major polymers for another 15 days, with the exemption now remaining effective until 15 July 2026. The...
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Import Duty Exemption Ends Today; Rupee Strengthens While - Crude Returns to Pre-War Levels
The global polymer market continues to favour buyers as multiple macroeconomic indicators turn positive. The Indian Rupee has strengthened against the US Dollar and is expected to remain...
Global Polymer Futures Decline While Import Duty Extension - Appears Unlikely
Global polymer sentiment remained soft as Chinese futures weakened on 26 June 2026 alongside stable crude oil prices. Brent crude traded at USD 74.41/bbl, while the Indian Rupee remained...
China Helped Stabilize Polymer Markets—But a Bigger Supply Wave Is Coming
China played a key role in stabilizing global polymer markets during the recent Strait of Hormuz disruption. Strong domestic inventories, lower imports, higher coal-to-olefins (CTO) production and selective...
Global indicators continue to support polymer buyers, while domestic PP prices are moving in the opposite direction
Progress in U.S.-Iran negotiations has reduced concerns over supply disruptions in the Middle East. Measures to keep the Strait of Hormuz operational have improved confidence across energy and...
Lebanon Ceasefire Supports U.S.-Iran Talks; Energy Markets Stabilize
A ceasefire between Israel and Hezbollah in Lebanon has improved prospects for ongoing U.S.-Iran negotiations, with U.S. envoy Steve Witkoff heading to Switzerland for the first round of...
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China Futures Weak, Crude Softens; RIL Announces HDPE & LLDPE Price Protection
China polymer futures closed lower on 18 June 2026, with PP at USD 1,001/MT (-38), LLDPE at USD 943/MT (-32) and PVC at USD 604/MT (-6), reflecting cautious...
Producers Maintain PP Prices Amid Tight Supply and Margin Pressures
Domestic polymer producers have announced no change in PP domestic prices effective 18 June 2026, despite the recent sharp decline in global crude oil prices. The decision is...
Lower Crude and Stronger Rupee Signal Potential Relief for Polymer Buyers
Recent weakness in global crude oil markets, combined with the appreciation of the Indian Rupee against the US Dollar, is improving the outlook for polymer imports. Market participants...
