US-Iran Conflict Intensifies; Crude Oil Climbs 4.59% as - Polymer Markets Stay on Alert

PolyMart Market Insights | 18 July 2026 Global polymer markets remain on alert as the US completed its seventh consecutive night of airstrikes on Iran, while Iran continued retaliatory actions against US allies in the region. The prolonged conflict has increased concerns over energy supplies, shipping, and global petrochemical trade. Brent Crude Oil Futures have risen to USD 88.10/barrel (+4.59%), while the USD/INR exchange rate remains around ₹96.40, both of which may affect the landed cost of imported polymers in India if the situation continues. Domestic Polymer Price Updates HMEL (Effective 15 July 2026) ➖ PP & PE: Rolled OverEarly Bird Incentive WithdrawnPE Price Protection Extended up to 16 July Reliance Industries (Effective 17 July 2026) ▼ HDPE & LDPE: ₹4,000/MT (Except LD EC)➖ LLDPE: Rolled Over▲ PVC Suspension: ₹3,000/MT▲ PVC Fitting: ₹4,000/MTPE Price Protection & Early Bird Incentive Withdrawn IndianOil (IOC) (Effective 17 July 2026) ➖ PP: Rolled Over▼ HDPE: ₹4,000/MT➖ LLDPE: Rolled OverPE Price Protection Withdrawn HPL (Effective 17 July 2026) ▼ HDPE: Approximately ₹4,000/MT➖ PP & LLDPE: Rolled OverPE Price Protection Withdrawn PolyMart Views - Rising crude oil prices, a weaker rupee, and ongoing geopolitical tensions may affect the landed cost of imported polymers in the coming weeks.- Domestic HDPE prices have softened following revisions by major producers, while PVC prices have strengthened.- Buyers should continue monitoring crude oil prices, USD/INR movement, and further geopolitical developments for any impact on polymer availability and import costs.- Maintaining balanced inventory and timely procurement can help businesses manage market volatility more effectively. PolyMart – Procure With Purpose.Disclaimer:PolyMart does not offer guarantees regarding the accuracy, reliability, or completeness of the information provided on its platform. Users are advised to independently verify any data before relying on it for decision-making purposes.