Latest Market News
Crude Oil Holds Above $87 as U.S.–Iran Tensions Keep Markets on Edge
Crude oil prices remain elevated, with Brent crude trading near $89.29/bbl, moving closer to the key $90/bbl mark as hopes of a near-term U.S.–Iran resolution fade. Oil prices...
Oil Prices Rise as Hormuz Uncertainty Keeps Markets on Edge
Oil prices moved higher in the 10 August 2026 market session, with Brent crude trading around $84.26/bbl, up approximately 0.85%. Continued uncertainty surrounding tanker movement through the Strait...
Petrochemical Market Caught Between Geopolitics & Weak Demand
Global petrochemical markets continue to remain volatile, with geopolitical developments influencing crude oil and feedstock prices, while actual polymer demand remains relatively weak. Following the price decline in...
Polymer Market Update: Stable Offers, Stable Market
The polymer market remained largely stable on 6 August 2026, with most South Asian international polymer offers unchanged and only LLDPE increasing by USD 5/MT. In India, major...
Brent Crude Slips Below $80 for the First Time in 3 Weeks
Global crude oil prices witnessed a sharp correction as Brent crude settled at USD 79.36 per barrel, marking its first close below the USD 80 level in three weeks. The...
West Asia War Uncertainty Keeps Polymer Business on Edge
Conflicting statements from the U.S. and Iran have renewed uncertainty around the Strait of Hormuz, keeping global energy markets on edge. Brent crude has rebounded above USD 85/bbl,...
Polymer Market Update: Crude Falls $8 – Will Domestic Prices Follow?
Global crude oil prices have corrected sharply, raising expectations of softer polymer prices in India. With Brent crude declining to $82.75/bbl (-5.18%), the market is closely watching whether...
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Major Domestic Producers Announce Sharp Price Hikes Effective 1st August 2026
India's leading polymer producers—Reliance Industries (RIL), OPaL, and IndianOil (IOCL)—have announced significant price revisions across major polymer grades, effective 1st August 2026. The revisions cover PP, HDPE, LDPE,...
U.S.- Iran Tensions Trigger Sudden Crude Oil Hike, Derail Previous Polymer Price Trend
Global energy markets have turned volatile once again as renewed tensions between the United States and Iran pushed Brent crude oil prices higher. The sharp rise in crude...
US-Iran Peace Talks Push Crude Oil Down USD 15, What It Means For Polymer Buyers?
Global energy markets have witnessed a sharp correction, with Brent crude oil falling by nearly USD 15 per barrel in just four days as the United States and...
