Reliance Industries Announces PET Price Hike & OPAL Incentive Scheme
Reliance Industries Limited has announced a price increase for all PET grades by â‚ą1,500 per metric ton (MT), effective from 17th December 2024.
OPAL Incentive Scheme for December 2024
OPAL has introduced an AMSP-linked incentive scheme for PE (Polyethylene) and PP (Polypropylene) order bookings during December 2024. The incentive details are as follows:
Polypropylene (PP)
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≥ 90% AMSP Booking: Discount as a1 (â‚ą/MT)
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≥ 100% AMSP Booking: Discount as a2 (â‚ą/MT)
Polyethylene (PE)
High-Density Polyethylene (HDPE)
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≥ 90% AMSP Booking: Discount as áşž1 (â‚ą/MT)
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≥ 100% AMSP Booking: Discount as áşž2 (â‚ą/MT)
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≥ 110% AMSP Booking: Discount as áşž3 (â‚ą/MT)
Linear Low-Density Polyethylene (LLDPE)
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≥ 90% AMSP Booking: Discount as y1 (â‚ą/MT)
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≥ 100% AMSP Booking: Discount as y2 (â‚ą/MT)
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≥ 110% AMSP Booking: Discount as y3 (â‚ą/MT)
