Latest Market News
Duty concessions on petrochemical products a sticking point in India-Oman FTA talks
Customs duty concession demand on petrochemical products such as polypropylene and polyethylene, used primarily in the plastics industry, may act as a sticking point in the early conclusion...
Hindalco buys 150 acres land at Payal Industrial Park in Dahej for e-waste recycling unit
Hindalco Industries Limited, a flagship company of the Aditya Birla Group, plans to establish a first-of-its-kind e-waste recycling unit in India. The project aims to transform the e-waste...
Government Amends Quality Control Order for Polyethylene Materials
New Delhi, January 4, 2024 In a recent development, the Ministry of Chemicals and Fertilizers, under the Department of Chemicals and Petrochemicals, has issued a new order amending...
Reliance Industries first in India to receive ISCC-Plus certification
Reliance Industries Limited (RIL) ended 2023 on a high note. The Mumbai-based conglomerate, which operates energy and petrochemical businesses, has become the first in India to produce ISCC-Plus...
Polymer Price Adjustments Take Effect from January 1, 2024: Indian Polymer Producers Announce Revisions
The domestic polymer producer company has adjusted its polymer prices, effective from January 1, 2024. Here's a breakdown of the revisions: RIL PP prices have been increased by...
Reliance becomes first in India to use chemical recycling for circular polymers
Reliance Industries Limited (RIL), operator of the world's largest integrated refining and petrochemical complex, has become the first Indian company to chemically recycle plastic waste-based pyrolysis oil into...
Container freight rates surge along India- Europe maritime route amid Red Sea risks
Container freight (freight) rates along major trade routes between India and Europe have surged following the emergence of security risks to shipping companies. Sources said that the freight...
Recent Red Sea Disruptions Propel Crude Oil to $81/Barrel - Geopolitical Tensions and Rate Cut Hopes Drive Market Dynamics
Crude oil closed at $80.82 per barrel, marking a 1.41% gain in the past week compared to the previous week's value of $79.70 per barrel. Over the last...
India's Strategic Shift: First Rupee Payment for Crude Oil Signals Global Currency Aspirations
India, the world's third-largest energy consumer, recently marked a historic moment by making its first-ever payment in rupees for crude oil purchased from the United Arab Emirates (UAE)....
Navigating Turbulence: Crude Oil Prices Surge Amid Geopolitical Strife and OPEC Exodus
Brent crude oil closed at $80.25 per barrel, marking a substantial 4.83% gain from the previous week's $76.55 per barrel. Despite this weekly surge, the commodity faced headwinds...
