Latest Market News
India Positions Itself for a Massive Petrochemical Boom
India is gearing up for a petrochemical boom, with $87 billion expected to be invested over the next decade to meet surging demand. As more citizens rise into...
Rupee Weakens as Strong Dollar Demand from Foreign Banks Triggers Outflows
The Indian rupee has continued its slide, weighed down by strong dollar demand from foreign banks, likely driven by equity outflows. The USDINR trading range for the day...
Polymer Price Updates and Incentive Schemes
Indian Oil Corporation Limited (IOCL) IOCL has announced the following polymer grade prices, effective from 17th October 2024: PP Grades: All prices remain unchanged. PE Grades: All prices...
Crude Oil Prices Plummet Amid Easing Geopolitical Tensions
Crude oil prices fell sharply by over 4% on Tuesday, primarily driven by reports that Israel is not planning to strike Iran's oil industry. This development has alleviated...
Domestic Polymer Producer Announce Key Price Adjustments for October 2024
Domestic polymer producer have announced important price revisions across various polymer categories, effective from October 1, 2024. RIL Price Updates: LLDPE/HDPE: Prices have been rolled over. PVC: Prices...
Reliance and GAIL Announce Discount Schemes for HDPE and LLDPE for September 2024
Reliance Industries Limited has declared a discount scheme for HDPE and LLDPE for September 2024 based on annual APP quantity slabs: For lifting 8.33% and above of the annual...
India Should Adopt National Bio-Plastics Policy, Report Recommends
A report by EY and ASSOCHAM has urged India to implement a National Bio-Plastics Policy with fiscal incentives and regulatory support to boost the bio-plastics sector. Titled *Incentivising...
Polymer Industry Updates: Incentives and Price Reductions Announced for September 2024
Domestic polymer producers have announced special incentive schemes and price reductions for September 2024. OPaL's Special Incentive Scheme: OPaL (ONGC Petro additions Limited) has introduced a special incentive...
RIL and Haldia Petrochemicals Announce September 2024 Incentive Schemes for PP, HDPE, and LLDPE Sales
Reliance Industries Limited (RIL) and Haldia Petrochemicals Limited (HPL) have introduced their incentive schemes for domestic polypropylene (PP), high-density polyethylene (HDPE), and low-density polyethylene (LDPE) sales for September...
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Indian Importers Still Hesitant to Import PVC Despite Chinese Prices Dropping Below $700 Amid Oversupply
Chinese PVC export prices have dropped below $700/ton for the first time in 20 months, driven by weak local demand and a slowdown in growth. The Indian market,...
