Latest Market News
Incentive Schemes Announced by HMEL, IOCL, and RIL for July 2024
HMEL Announces Performance Incentive Scheme for July 2024 HDPE (Prime/Non-Prime/OG Grades) 75% - 100%: Rs. 2500/MT 100% - 125%: Rs. 3000/MT 125% and above: Rs. 3500/MT LLDPE (Prime/Non-Prime/OG...
Natural Gas Prices Decline Amid Rising Production and Storage Surplus
Natural gas prices have recently experienced a significant decline, driven by a combination of increased production, higher storage levels, and disruptions at key export facilities. On Thursday, natural...
July 2024 Incentive and Price Adjustment Schemes Announced by RIL, IOCL, and HMEL
Reliance Industries Limited - July 2024 Incentive Scheme for HDPE and LLDPE Reliance Industries Limited has announced an incentive scheme for High-Density Polyethylene (HDPE) and Linear Low-Density Polyethylene...
China's Polypropylene Export Surge and Its Impact on India: Navigating a Complex Market Landscape
The global polypropylene (PP) market is experiencing significant shifts, with China poised to play an increasingly dominant role. Projections suggest that China's PP exports could reach 2.6 million...
Bharat Petroleum Corporation Ltd. Chooses Univation’s UNIPOL™ PE Process for Major Expansion
Bharat Petroleum Corporation Ltd. (BPCL) has selected Univation Technologies' UNIPOL™ PE Process Technology for two new world-scale polyethylene (PE) production lines at BPCL's Bina Refinery in Madhya Pradesh,...
Crude Oil Prices Surge Amid Geopolitical Tensions and Rising Summer Demand
U.S. crude oil futures rose over 2% ahead of the Fourth of July holiday, continuing a trend that saw a 6% increase last month. This upward movement is...
Polymer Price Revisions Effective from July 1, 2024
Leading polymer manufacturers in India have announced significant price revisions across various grades of polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), and other polymers, effective from July 1,...
The Surge in Sea Freight Rates: Causes and Implications
As of June 2024, sea freight rates have experienced a significant surge, impacting the global supply chain. Understanding the factors behind this increase involves looking back at trends...
USD/INR Movement Amidst Foreign Inflows and Economic Factors
The Indian Rupee (INR) has shown resilience recently, maintaining its position against the US Dollar (USD) due to expectations of significant foreign investment inflows, despite economic pressures like...
BPCL to Invest Rs 50,000 Crore in New Refinery and Petrochemical Expansion
Bharat Petroleum Corporation Limited (BPCL) has announced plans to build a new 12 million metric tonnes per annum (MMTPA) refinery, investing Rs 50,000 crore. The state-owned oil marketing...
