Latest Market News
Domestic Polymer Producer's Special Incentive Scheme for May 2024
IOCL announced a Special Incentive scheme for PP and Flexi APP customers, based on post-sales, against the actual lifting of PP (Prime/Non-Prime grades) during May 2024 as follows:...
Crude Oil Prices Retreat Amid Surprising Inventory Build-Up and OPEC+ Uncertainty
As of the most recent trading session, crude oil closed at $82.7 per barrel, showcasing a slight decline from previous figures. Over the past week, it experienced a...
Natural Gas Market Dynamics Amidst Fundamental Pressures
Natural gas prices surged above $2, supported by technical indicators hinting at bullish momentum. Despite this, fundamental challenges loom large, with news of ample supply and subdued demand...
India Asserts Consensus-Based Approach in Plastic Pollution Agreement Negotiations
During the Fourth Session of the Intergovernmental Negotiating Committee (INC) on plastics, India stood firm on its stance, declaring its support for an international legally binding agreement on...
April 2024 Domestic Polymer Producer Incentive Scheme
IOCL Announces Scheme on PE HD/LL Exclusively for April 2024. Customers receive a discount of Rs. 1500/MT on HD Raffia/Tarpaulin. Additionally, a discount of Rs. 2500/MT is applicable...
Bhansali Engineering Polymers announces ABS capacity expansion to 2 TPA
The Board of Bhansali Engineering Polymers Limited discussed the proposed enhancement of production capacity of ABS from 75,000 ΤΡΑ to 200,000 ΤΡΑ (earlier 145,000 TPA) at company's existing...
Navigating the Trade Dynamics of Plastic Pollution: Balancing Global Concerns
The intricate web of trade dynamics surrounding plastic pollution negotiations highlights the multifaceted nature of the issue. From the trade in raw materials shaping production trends to the...
RIL Announces Incentive Scheme on PE HD/LL for April 2024
RIL Announces Scheme on PE HD/LL Exclusively for April 2024 Discount eligibility based on Average lifting of the last fiscal year 2023-24 non-zero months: Rs. 2000/MT on Completion...
India's Forex Reserves: A Balancing Act Amidst Rupee Volatility and Global Uncertainties
The recent dip in India's forex reserves by $5.4 billion, bringing it down to $643.16 billion as of April 12, marks the first decline in 8 weeks after...
Middle East Conflict Sparks 4% Surge in Crude Oil Prices: Brent Tops $90
Recent crude oil prices have surged by over 4% following reports of escalating conflict in the Middle East, with Brent crude surpassing $90 a barrel in a sudden...
