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

IOCL Price Revision (Effective 02 July 2026)

- PE (Polyethylene): ↓ ₹10,000/MT
- PP (Polypropylene): ↓ ₹12,500/MT
- PE Price Protection withdrawn effective 02 July 2026 (6:00 AM)

RIL PE Price Revision (Effective 02 July 2026)

- HDPE & LLDPE: ↓ ₹10,000/MT
- LDPE EC & IM Grades: ↓ ₹6,000/MT
- All Other LDPE Grades: ↓ ₹3,000/MT
- HDPE & LLDPE Price Protection withdrawn

RIL PP Price Revision

- Domestic & Deemed Export Grades: ↓ ₹12,500/MT

RIL Early Bird Incentive

- ₹2,500/MT additional incentive on all PE domestic sales
- Applicable for orders booked between 02 July and 11 July 2026

PolyMart Market View

- Significant price corrections indicate continued pressure on polymer demand.
- Improved supply availability is creating a buyer-friendly market.
- The combination of price reductions and the ₹2,500/MT incentive offers an attractive buying opportunity.
- Buyers planning near-term procurement should evaluate current requirements and capitalize on lower prices.
- Sellers may need to realign offers quickly to remain competitive in the softer market.

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