Latest Market News
Polymer Price Updates Effective 16th January 2025
Reliance Industries Limited Price Revisions PE Polymer Grades HDPE: All grades see a price hike of ₹1,000/MT. LLDPE: Prices increased by ₹1,000/MT for all grades. LDPE: HD Grades:...
Oil Prices Surge to Four-Month High Amid Fresh U.S. Sanctions on Russia
Global crude oil prices have surged to their highest levels in months following the Biden administration's announcement of stringent sanctions on Russia’s oil sector. Brent crude crossed $81...
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Rupee Hits Record Low Amid Stronger US Dollar and Global Pressure
The Indian Rupee (INR) slid to a fresh all-time low of 86.39 against the US dollar on Monday, weighed down by robust US employment data, rising oil prices,...
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Natural Gas Prices Surge Amid Arctic Blast and Record LNG Exports
Natural gas prices have soared as an Arctic blast grips much of the United States, driving record-high heating demand. With temperatures plunging into the negative teens across northern...
Polymer Industry News Update
Reliance Industries Limited Incentive Scheme for January 2025 Reliance Industries Limited has introduced an incentive scheme for PVC applicable in January 2025: 7% annualized on APP: ₹2,000/MT 8.33%...
Crude Oil Prices Climb to Highest Levels Since October on Seasonal and Global Demand Boost
Crude oil prices climbed to a near three-month high last week, driven by seasonal demand spikes and market optimism fueled by China’s economic stimulus initiatives. Brent crude closed...
Polymer Price Updates Effective 1st January 2025
Reliance Industries Limited (RIL) Polypropylene (PP): Domestic and deemed export prices increased by ₹1,000/MT. PP Deemed Price (H030SG): Increased by ₹1,163/MT. New Basic Price (Ahmedabad): ₹85,657/MT (including ₹1,217...
Reliance Industries Announces December PP Domestic Discounts; Upcoming Plant Shutdown Likely to Impact Supply
Reliance Industries Limited (RIL) has released its discount scheme for Polypropylene (PP) in the domestic market for December 2024. The announced discounts are as follows: Grade X: ₹500/MT...
HMEL Announces Reserve Incentive (RI) Scheme for December 2024; Market Reacts with Slight Price Uptick
HMEL has rolled out its Reserve Incentive (RI) Scheme for Polypropylene (PP) products for December 2024, detailing incentives based on purchase thresholds. The scheme structure is as follows:...
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Rupee Hits Record Low of 85.06 Against US Dollar Amid Global Market Pressures
The Indian rupee slumped to a fresh all-time low of 85.06 against the US dollar in early trade on Thursday. This decline came amid persistent dollar demand and...
