Home

    • M/s Resin Distributors Ltd ( Now Resin Agency LLP) was bestowed with an award by RELIANCE INDUSTRIES LTD for the Best Distributor in India of their Polymer Division for their Stellar Performance in year 2015-16.

 

  • RIL increased domestic basic price in PP, PVC grades. Prices in certain HDPE / LDPE grade revised downwards.

 

The Market sentiments remain stable with little market activity seen in China/S.E.Asia due to China being closed for the long Labour holidays, On the Domestic front the sentiments remained firm due to strengthening of the $ against the INR to cross Rs 65 + and supply issues in certain key PP grades the order flow was extremely healthy and continued throughout September.
 
Believe the $ strengthening against the INR is what prompted the price increase in the PP Grades basic price by Rs 1000/Mt and PVC Grades by Rs 1500/Mt. However in the PE Grades the Basic Price was reduced in the HDPE/HMDPE Pipe Grades by Rs 1000/Mt and in the LDPE Extrusion Coating Grade 1070LA17 by Rs 3000/Mt and LDPE Milk pouch Grade 1005FY20 by Rs 2000/Mt. While In the other HDPE and LLDPE Grades the Domestic basic Price has been increased by approx. Rs 500/Mt. Further changes announced in Policy are as follows
 
1) All Polymer Prices will migrate to Delivered Pricing Methodology WEF 1ST October 2017, All Ex Plant supplies from RIL DTA Units in PP/PE/PVC will mention delivered Price in the Invoice i.e. Total Price Inclusive of Freight as per Transport Zone which will be mentioned in the Invoice and the Freight Charges as per transport Zone will be available in Price Circular as a Separate Annexure, GST @ 18 % will be calculated and mentioned in the invoice. Only Supplies from the RIL SEZ unit will have Invoice for MATERIAL Value and SEPARATE Freight Invoice issued by FCPL as per earlier practice. In the Ex Depot Prices there is no change in the pricing structure, Please refer Mail received from RIL attached for your reference.
 
2) The Deemed Export Prices in the HDPE/LLDPE/LDPE Grades have been revised upwards steeply due to Change in DE pricing Policy in which the HDPE/LLDPE Prices are now pegged to the Platts S.E.Asia and/Or S.Asia prices and the LDPE DE Prices are now pegged to the ICIS LORS Indian Main Port Price converted to INR WEF from 1st October, 2017, Quarterly Discount Slabs have been announced which will be applicable in the next quarter based on the current Quarter lifting(Q3 Lifting will decide the applicable discount Slab in Q4 of the current financial year) This is similar to the PP DE Pricing Policy already in place.

 

The Deemed Export Prices in PE, PP grades have been revised as per price circular attached.

 

  • RIL revised upwards PE, PP, PVC Prices w.e.f. 14th Septmember, 2017.

 

The Market sentiments continue to remain firm in S.E.Asia and the Indian Subcontinent with the week on week prices registering increases in PP grades of $ 10 to $ 25/ Mt in S.E.Asia and India and a marginal fall of $ 5/Mt in China, In PE Grades there were marginal drops ranging from $ 5 to $ 10 /Mt and No change in China, S.E.Asia and in India PE was firm with no change at the higher levels, in the PVC grades the increase was $ 5/Mt in China, S.E.Asia and India, However in India the offers were at much higher levels of $ 1010/Mt + in anticipation of the possible supply issues due to all major US PVC producers having declared force majeure on their contracts due to the hurricane Harvey. In fact believe in PP/PE Grades also price increases were in anticipation of supply finding better price in the US markets due to supply disruptions due to the hurricane.
On the Domestic front due to firm price and market sentiments and supply issues in certain key PP grades the order flow was extremely healthy and will continue to remain so for the balance part of the month.
 
Along expected lines RIL chose to increase the domestic Basic Prices Mid-Month as Follows
 
PP HomoPolymer Grades By Rs 3000/Mt and the Block Copolymer and Random Copolymer Grades by Rs 2500/Mt
 
In The PE Grades HDPE grades by Rs. 1500/MT in Injection Moulding High and low, Monofilament, GPBM, MBM, LBM & HD Film grades and by Rs. 1000 /MT in HM Film, HD Pipe, HM Pipe & Sheathing grades. 
 
HDPE grades by Rs. 1500/MT in 53EA010 Raffia grade, while Roll over in prices of E52009 Raffia grade.
 
Roll Over in prices of all LLDPE grades except LL Roto, LL Extrusion Coating and LL High Flow grades where prices are increased by Rs. 1000/MT.
 
Roll over in prices of all LDPE grades.
 
PVC Grades Rs 1000/Mt
 
The Deemed Export Prices in PE, PP grades have been revised as per price circular attached.

 

  • RIL revised downwards LDPE Prices, upwards PP, PVC prices. Rollover of  HDPE/ LLDPE Prices w.e.f. 1st September 2017.

 

The Market sentiments have firmed up across the board in China/ S.E.Asia and the Indian Subcontinent with the week on week prices registering increases in PP grades of $ 30/Mt in china, $ 10 to 20/Mt in S.E.Asia and remaining unchanged in India, In PE Grades + $ 20 to 40/Mt in China, $ 10 to 20/Mt in S.E.Asia and India, $ 10/Mt increase in PVC grades in China and India and $15/Mt in S.E.Asia. Also the Hurricane Harvey which hit Texas in the US and in particular Houston impacted all the petrochemical units there which have declared force Majeure and shut down operations, this will create uncertainty in supply to and from the US and could impact sentiments further. On the Domestic front processors stepped in to replenish inventory resulting in healthy order flow and with supply matching pace it was a positive sale month in August.
 
Along expected lines RIL chose to increase the Domestic Basic Prices in the PP Homo Polymer and Random Copolymer Grades by Rs 2000/Mt and in the Block Copolymer Grades by Rs 1000/Mt and in the PVC grades by Rs 1000/Mt.
 
In the LDPE General purpose Grades 24FS040/24FA040 and Milk Pouch Grade 1005FY20 the domestic basic prices were decreased by Rs 3000/Mt and in all other LDPE Grades the domestic basic prices were reduced by Rs 2000/Mt.
 
The HDPE/LLDPE Grades basic domestic prices were rolled over.
 
The Deemed Export basic Prices have been revised , please refer price list for change in the grades.
 
  • RIL revised downwards LDPE Prices. Rollover of HDPE/LLDPE/ PP/ PVC Prices w.e.f. 17th August 2017.
  •  

RIL chose to reduce the LDPE General Purpose Grade 24FS040 and Adhesive Lamination Grade 1020FA20 Domestic Basic Price By Rs 4000/Mt and rolled over the domestic basic prices of the other LDPE and HDPE/LLDPE/PP/PVC Grades WEF 17th August,2017. 

 
The Deemed Export Prices in LDPE GP and AL grades have been revised as per price circular attached.
 
RIL resivsed downwards PE Prices, upwards PP prices. Rollover of PVC Prices w.e.f. 1st August 2017.
 

PE Price Highlights are as under:-

 

·  Decrease in prices of HDPE grades by Rs.2000/MT except HD Raffia, Monofilament & HD IM High/Low where prices are rolled over.

 

·  Decrease in prices of LLDPE grades by Rs.2000/MT except LL Octene grades where prices have been decreased by Rs. 4000/MT.

 

·  Decrease in prices of LDPE grades by Rs.2000/MT except LD GP & LD AL grades where prices have been decreased by Rs. 4000/MT.

 

·  Changes in PE DE prices as per attached circular.

 

PP Price Highlights are as under:-

                                                                                                               

·  PP Domestic prices for Homopolymer and RCP Grades have been revised upwards by Rs.1500/- PMT whereas ICP prices have been rolled over.

 

·  PP Deemed Export prices have also been revised as per RIL PP DE Policy. 

 

 

  • RIL revised downwards PE Prices. Rollover of PP, PVC Prices w.e.f. 13th July 2017.
  •  
In a rather surprising late night announcement RIL decided to reduce the PE Prices across the board. The Global price sentiment seems to be stable with week on week prices showing little change in the S.E.Asian and Indian subcontinent. Middle East cargo is limited in supply due to a spate of shutdowns in the region. China is stable in pricing with price movement in limited band upwards and downwards.
 
The Domestic scenario is now stabilising after the GST regime with supply and freight documentation in place with GST readiness. There were some issues in DE supplies due to clarity in documentation processes and procedures post GST which have now been sorted out. 
 
The domestic basic prices in the LDPE Grades were reduced by Rs 1000/ Mt
The domestic basic prices in the LDPE General Purpose Grade 24FS040 and Adhesive Lamination Grade 1020FA20 were reduced by Rs 2000/ Mt
The domestic basic prices in the HDPE Grades were reduced by Rs 2000/ Mt
The domestic basic prices in the LLDPE Grades were reduced by Rs 2000/ Mt
 
The PP/PVC Domestic basic prices were rolledover.
 
The Deemed Export Prices in PE grades have been revised as per price circular attached.

 

 
  • RIL revised downwards PE, PP, PVC Prices w.e.f. 1st July, 2017.

 

The landmark tax regime GST finally became a reality from 1st July 2017 in India bringing with it a mixed bag of positive expectations and uncertainty. RIL announced the arrival of GST by aggressively reducing prices in all Polymers as follows.
 

The domestic basic prices in the PP Homopolymer Grades were reduced by Rs 2500/ Mt

The domestic basic prices in the PP block Copolymer Grades were reduced by Rs 4000/ Mt
The domestic basic prices in the PP Random Copolymer Grades were reduced by Rs 3000/ Mt
The domestic basic prices in the LDPE Grades were reduced by Rs 1000/ Mt
The domestic basic prices in the HDPE Grades were reduced by Rs 3000/ Mt
The domestic basic prices in the LLDPE Grades were reduced by Rs 4000/ Mt
The domestic basic prices in the LLDPE Octene Grades were reduced by Rs 5000/ Mt
The domestic basic prices in the PVC Grades were reduced by Rs 1000/ Mt
 
The Deemed Export basic Prices in  PE, PP Grades have been revised downwards,  please refer price list for change in the grades.

 

  • RIL revised upwards PP Prices. Rollover of PE, PVC Prices w.e.f. 8th June 2017.

 

In a very unexpected decision RIL chose to increase the Domestic Basic Prices in PP Grades WEF from 8th June, 2017 after having reduced specific PP grades prices on 1st June,2017. The Week On Week PP Prices were unchanged in the China and Indian subcontinent with Prices in S.E.Asia showing a increase of $ 15/Mt, The PE Prices corrected downwards in the S.E. Asian subcontinent ranging from $ 5 to $ 30/ Mt and ranging from $ 10 to $ 30 in the Indian Subcontinent with PVC remaining unchanged. 
 
All PP Grades the Ex Plant Domestic Basic Prices were increased by Rs 2000/Mt
 
The PP Ex Depot Prices for different locations have been increased by Rs 1000 to 2000/Mt
 
All HDPE/LLDPE/LDPE/PVC Domestic Basic Prices have been rolled over.

 

  • RIL revised downwards in Hazira LLDPE grades and all other PE grades rollved over. PP grade prices rollved over except ICP grades which is reduced, PVC revised upwards w.e.f. 1st June, 2017.

 

The Market sentiments remain subdued due to China being on Holiday for the Dragon Boat Festival who will return today from their break. The Week On Week PP Prices were unchanged in the China and S E Asian subcontinent with Prices in India showing  a marginal decline of $ 5/Mt, The PE Prices also showed little movement in the China and corrected downwards in the S E Asian subcontinent ranging from $ 10 to $ 25/ Mt and marginal downward correction in India in HD grades by $ 10/Mt with PVC remaining unchanged. 
 
In the Domestic Market supply side issues continue to plague the sentiments due to Grade imbalances in Key grades due to the impact of the producer plant shutdowns in March/April and with one Major producer Plant down in May and expected to restart in 1st week of June. Also it is heard another major producer plant is going in for a shutdown in June for maintenance. Also With the $ strengthening against the INR to come close to a conversion of INR 65 RIL chose to drop the Prices selectively in PP/PE Grades and increase the PVC prices as follows
 
All PP Block Copolymer Grades the Domestic Basic Prices were reduced by Rs 1500/Mt
PP Grades AM120N, AM120NS,103X,112X,116X,160X,165X,203X,203XL,212X,UHF,ULF,PP2CPGSP the Domestic Basic Prices were increased by Rs 800/Mt.
 
Hazira LLDPE (F19,F18,F22,E24,O19) Grades the domestic Basic Prices were reduced by Rs 1000/Mt.
LLDPE Grade 24FA030 the Domestic basic price was reduced by Rs 2000/Mt
LLDPE Grades 26500,24300,24200 and all HDPE, LDPE, Other LLDPE and PP Homopolymer and Random Copolymer Grades domestic basic prices were rolled over.
 
All PVC Grades the Domestic Basic Prices were increased by Rs 1000/Mt.
 
The Deemed Export basic Prices in  PE Grades have been revised downwards, please refer price list for change in the grades.
 
RILPET Dometic basic price revised upwards by Rs.1500 mt effective 1st June, 2017.
 
  • RIL revised downward PP Deemed Export Basic Prices w.e.f. 16th May, 2017.

 

  • RIL revised downwards PE, PP Prices. Rollover of  PVC Prices w.e.f. 1st May 2017.

 

Though the Asian  Market Prices corrected downwards week on week China has showed positive movements in sentiment and price ahead of the long labour day holidays and it is expected that China will come back after the break to improved sentiments which could support the Asian sentiments to turn positive. In the Indian subcontinent the offer prices showed marginal downward movements week on week and the delta between S.E.Asia and India Prices was maintained at $ 50/Mt however the delta between China and India prices is approx $ 120/Mt. In the Domestic Market supply side issues continue to dominate the pricing trends due to planned /Unplanned shutdowns by Producers which have restricted supply in PE/PP Grades and though order flow was healthy, there was restricted avails in PE/PP Grades. Also the INR strengthened against the $ to go below 64 for a brief while and recovered to remain marginally above the conversion of INR 64.
 
However the general expectation was that Domestic suppliers would correct the prices to reduce the delta between the import offers due to the INR strengthening against the $ and stimulate the latent demand with processors, Accordingly RIL did not disappoint and reduced the Domestic Basic Prices in PP/PE Grades as follows 
 
All PP Homopolymer Grades and Random Copolymer Grades Domestic Basic Prices were reduced by Rs 1500/Mt
 
All ICP Grades the Domestic Basic Price was reduced by Rs 2000/Mt.
 
All PP Adipol Grades AM120N, AM120NS, AM650N and AM650NS the domestic basic prices were reduced by Rs 800/Mt.
 
All HAZIRA LLDPE Grades( F19,F18,F22,26500,E24,O19) domestic basic prices were reduced by Rs 1000/Mt
 
LLDPE Grade M24200 domestic basic price is reduced by Rs 2000/Mt

 

All HDPE/LDPE/PVC and other LLDPE Grades domestic basic prices have been rolled over.
 

The Deemed Export basic Prices in  PE, PP Grades have been revised downwards,  please refer price list for change in the grades.

 

  • RIL revised downwards PVC Prices by Rs.3000 pmt. Rollover of  PE, PP Prices w.e.f. 19th April, 2017.

 

  • RIL revised downward PP Deemed Export Basic Prices w.e.f. 14th April, 2017.

 

  • RIL revised downwards PVC Prices. Rollover of  PE, PP Prices w.e.f. 6th April, 2017.

 

PVC sentiments had turned weak with Global offers being revised downwards after the initial offers and China showing lack lustre interest in restocking inventories, on the Domestic front there was a discount being seen in the open market price to the RIL price with large import volumes having come in and the all-important Pipe demand still not picking up. In view of all these factors RIL chose to reduce the PVC  Domestic basic Price by Rs 3000/Mt and rollover the PP/PE Domestic basic Prices WEF 6Th April, 2017.

 

  • RIL revised downwards PP Prices. Rollover of  PE, PVC Prices w.e.f. 1st April, 2017.
 
The Market sentiments are showing stable to weak trends with future prices in China correcting downwards though in narrow band in PP/PE, however there was little activity and buying interest at the current prevailing prices across the board in China as well as SE Asia, PVC prices continued to remain soft with marginal downward corrections in all regions. In the Indian subcontinent the supply side issues continue to dominate the pricing trends due to planned /Unplanned shutdowns by Producers which have restricted supply in PE/PP Grades and processors were advised to cover inventory. 
 
However the INR strengthening substantially against the $ to go below a conversion of Rs 65 had a major role to play in the hesitant price reduction announced in the PP grades and Rollover in the PE grades.
 
All PP Homopolymer Grades Domestic Basic Prices were reduced by Rs 2000/Mt
 
All ICP and RCPP Grades the Domestic Basic Price was reduced by Rs 1000/Mt
 
All HDPE/ LLDPE /LDPE/ PVC Grades prices have been rolledover.

 

The Deemed Export basic Prices in  PP Grades have been revised downwards,  please refer price list for change in the grades.
 
  • RILPET Dometic basic price revised downwards by Rs.4000 mt effective 1st April, 2017
  •  
  • RIL revised downwards PE, PP Prices. Rollover of  PVC Prices w.e.f. 23rd March, 2017.
  •  
The Market sentiments are showing mixed trends, with future prices in China correcting upwards and downwards though in narrow band in PP/PE however the S E Asian region prices have corrected downwards quite steeply in the last two weeks reducing the delta between China prices which were in the region of $120 to 130/Mt triggering a lot of re-export cargo from China to these markets. In PVC the sentiment remains stable to weak with limited buying interest in China and other S E Asian markets. In the Indian subcontinent the Global offer prices have shown little downward movement with suppliers marginally lowering offer prices in PP/PE though in PVC the initial offers this week were downward corrected by $ 20/Mt. This seems to  be due to major ME producers going in for their planned annual maintenance shutdowns and the impending shutdowns by Indian Producers which could impact supplies.
 
In a surprise decision RIL decided to decrease the PP and PE prices effective 23rd March probably prompted by the INR strengthening against the $ and price protection in PE grades announced by other major producers.
 
All PP Grades Domestic Basic Prices were reduced by Rs 2000/Mt
 
All NAGOTHANE HDPE /LLDPE Grades domestic basic prices were reduced by Rs 1000/Mt
 
All General Purpose Blow Moulding and HDPE Film grades from all RIL PE Plants Domestic basic prices were reduced by Rs 1000/Mt 
 
All other HDPE/ LLDPE / PVC Grades prices have been rolledover.
 
The Deemed Export basic Prices in PE Grades have been revised downwards,  please refer price list for change in the grades.
 
  • RIL revised downward PP Deemed Export Basic Prices w.e.f. 16th March, 2017.

 

  • RIL revised upwards PE, PP, PVC Prices w.e.f. 1st March, 2017.

 

There are mixed signals emanating regarding the Market sentiments and Prices with future prices in China correcting downwards in PP/PE and remaining stable in PVC, However in the Indian subcontinent The Global offer prices are firm across the board in PP/PE/PVC with supply issues also playing a role due to major ME producers going in for their planned annual maintenance shutdowns and a Indian Producer being forced to shut down their PE capacity due to technical snags and another impending maintenance Plant shutdown of another major Indian producer in the 4th week of march have had an impact in keeping the domestic market sentiments firm. Further with the Demonetization impact out of the system and end product demand having come back positively in most end sectors processors have come back with a vengeance in restocking and covering long inventories in RM.
 
Taking into account all the above factors and to keep the momentum going RIL increased the Domestic Basic Prices in the PP/LLDPE/LDPE/PVC grades by Rs 1000/Mt and in the LDPE extrusion coating grade 1070LA17 by Rs 2000/Mt and rolled over the HDPE Grades prices
 
The PP deemed Export Basic Prices for the PP Raffia Grades have been revised upwards by Rs 1000/Mt as per policy in place.
 
The Deemed Export Basic Prices in the LLDPE and LDPE Grades have been revised accordingly please refer attached price list for details.

 

  • RELPET Domestic basic price rollover w.e.f. 1st March 2017
  •  
  • RIL revised upwards LLDPE, PP, PVC Prices. Rollover of HDPE, LDPE Prices w.e.f. 16th February, 2017.

 

The Market sentiments have firmed up further especially in the PP and PVC grades which showed sharp Increases week on week ranging from $ 40 to 50/Mt in the PP Prices in the Fareast, South East Asia and India regions and in PVC by $ 20 to 25/Mt with PE remaining stable to firm. The Feedstock values have firmed up across the board in Naphtha, Ethylene and Propylene which is forcing Producers to hike prices to get better deltas and Arbitrage, also Supply seems to scarce in the PPHP Grades and LDPE Grades which is further adding to the firmness being seen. China returned this Monday from their New year Break to healthy buying and with Supply in PP/PE/ PVC Grades being restricted there was a surge in the futures prices which prompted suppliers to increase the offer prices into China for March deliveries.
 
On the domestic front the firm Price trend and supply issues in PPHP Grades and selected PE Grades along with opening up of seasonal demand in PVC saw a healthy order flow from processors to carry and build comfort levels in inventories.
 
Taking into account all the above factors it came as no surprise that RIL increased the Domestic Basic Prices in the PP grades 3rd week consecutively by Rs 1000/Mt in the PP Homopolymer Grades and Rs 2000/Mt in the Block Copolymer and Random Copolymer Grades
In the LLDPE Grades only for supply from the HAZIRA PLANT the Domestic basic Price were increased by Rs 1000/Mt and all other LLDPE Grades from other plant locations ( NAGOTHANE) have been rolled over.
 
In PVC Grades the Domestic Basic Prices were increased by Rs 1500/Mt
 
The LDPE and HDPE Grades basic Domestic Prices have been rolled over.

 

The PP deemed Export Basic Prices for the PP Raffia Grades have been revised upwards by Rs 3000/Mt as per policy in place.
  •  
  • RIL revised upwards LDPE, PP Prices. Rollover of HDPE, LLDPE, PVC Prices w.e.f. 9th February, 2017.

 

The Market sentiments continue to Firm up , Week on Week reports showed sharp Increases in the PP prices from $ 10 to $ 25/Mt in the Fareast, South East and India regions with PE holding on in price and PVC also taking a bullish turn. The Feedstock values have firmed up across the board in Naphtha, Ethylene and Propylene which is forcing Producers to hike prices to get better deltas and Arbitrage. China will return on this Monday from their New year Break and expectation is renewed buying due to seasonal factors and scarce inventories which could have afurther impact on the Global Prices.
 
 

On the domestic front there is a healthy demand for RM and processors have started building up on inventories especially in Grades which are restricted in supply. Most end sectors have started reporting increased cash flow and better rotation leading to increased demand and positive business conditions. PVC business has also started picking up on the back of improved Pipe Demand and firm resin prices which are expected to come in @ $ 1000 +/ MT.

 
RIL increased the Domestic Basic Prices in the PP grades 2nd week consecutively by Rs 1500/Mt and the LDPE Grades by Rs 1000/Mt leaving the HDPE/LLDPE/PVC Price untouched.
  •  
  • RIL revised upwards PE, PP Prices. Rollover of PVC Prices w.e.f. 2nd February, 2017.

 

The Market sentiments seem stable to Firm with subdued activity in the China and S.E.Asian subcontinents due to the Chinese New year break, However the expectation is that China will aggressively restock in Polymers due to seasonal demand and scarce inventories with Processors and traders after they return this Monday. Week on Week reports showed no change in the PP prices and sharp increases in the PE prices ranging from $ 10 to 35/Mt and PVC showing a marginal increase in the India offer Price by $ 5/Mt.
 
On the domestic front there was a return to restocking on inventory levels by Processors in PP/PE Grades due to completion of APPQ slabs and the anticipation that domestic suppliers could increase prices to take advantage of the positive delta in their favour in the Domestic Price versus Import offers into India, and supported by improved Cash flow in most organised sectors which boosted end product demand post Demonetization.  
Also Domestic suppliers reported lower inventory pressure due to better lifting and contracted exports which were moved out. PVC business Did improve towards the end of the month as customers wanted to complete the APPQ slabs and the positive feedback that Govt orders in the Pipe sector will commence from Feb. 
Therefore RIL chose to announce the Price Increases on 2nd Feb after the Union Budget on 1st Feb which did not have any statutory changes with regard to Polymers.
 
The PP/LLDPE/LDPE Grades Domestic Basic Prices have been increased by Rs 2000/Mt
 
The HDPE Grades Domestic basic Prices have been increased by Rs 1000/Mt except B60003 where increase in price by Rs. 500/MT
 
Introduced Ex-plant Basic prices for E52009JB, F19010JB, M26500JB & M24200JB( Jumbo bag packing )
 
The PVC Grades Domestic Basic Prices have been rolled over 
 
The HDPE Raffia/ Monofilament DE basic Prices have been revised upwards by Rs 1000/Mt.
  •  
  • RIL rolled over domestic prices of PE, PP, PVC grades w.e.f. 1st February, 2017.

 

PFA the RIL PP Price list WEF 1st February 2017 for your reference, The Deemed Export Basic Prices in the PP Raffia and Injection moulding Grades have been revised upwards by Rs 1500/Mt as per policy in place, There is no change in the Domestic Prices.

 

  • RILPET Dometic basic price revised upwards by Rs.2000 mt effective 1st February, 2017

 

  • RILPET Dometic basic price revised upwards by Rs.2000 mt effective 17th January, 2017

 

  • RIL revised upwards price of HDPE, LDPE, PP grades and rollved over LLDPE, PVC grades w.e.f. 1st January, 2017.

 

The Market sentiments seem stable with limited activity in the China and S.E.Asian subcontinents due to the Christmas and New year breaks, Prices in the Indian Subcontinent were heard a little firmer in PP/PE and subdued in PVC which was still in weak mode with offers on the lower side, The markets are expected to firm up in China and S.E.Asia once they come back after the New year break from 5th JAN due to scarce inventories with processors/ Traders who will step in to restock.
 
On the domestic front there was a aggressive return to restocking on inventory levels by Processors in PP/PE Grades due to the anticipation that domestic suppliers could increase prices to take advantage of the positive delta in their favour in the Domestic Price versus Import offers into India, and supported by improved Cash flow in most organised sectors though still a long way to go before normalcy returns post Demonetization which helped payments across the board coming back into the system and resulted in enhanced buying from processors  
 
Also Domestic suppliers reported lower inventory pressure due to better lifting and contracted exports which were moved out. PVC business Did improve towards the end of the month as customers wanted to complete the APPQ slabs and carry reasonable inventory into the New year. 

 

Therefore it came as no surprise that RIL chose to correct the large Delta in the PE Domestic Prices in their favour by increasing the HDPE /LDPE Grades Prices by Rs 1000/Mt and in PP domestic basic prices by Rs 1000/Mt and rolling over the LLDPE/PVC prices. The PP Deemed Export Basic Price in the PP raffia/ Injection Moulding grades have been increased by Rs 1000/Mt WEF 1st January, 2017 as per policy in place.

 

  • RILPET Dometic basic price revised upwards by Rs.3000 mt effective 1st January, 2017

 

  • RIL revised upwards price of  LDPE, PP grades and rolled order HDPE, LLDPE,PVC grades w.e.f. 22nd December, 2016

 

There Seems to be mixed sentiments since last week when the Polymer Markets were looking very bullish, However this week both the spot as well as Future Prices in China/ S.E.Asia corrected downwards in the PP Grades in the Range of  $ 20 to 30/ Mt, in PE Grades by  $ 10 to 20/ Mt except LDPE which remained firm and the PVC grades by $ 10 to 20, Global price offers into the Asian Sub continent ( India) were stable to firm  There was very thin trading activity due to the Christmas vacations which have already begun, Markets in China and S.E.Asian subcontinent will now come back into action from 2nd January, 2017 onwards which is when the trend will be clearer. 
 
On the domestic front there was a return to restocking on inventory levels by Processors in PP/PE Grades due to the anticipation that domestic suppliers could increase prices to take advantage of the positive delta in their favour in the Domestic Price versus Import offers into India, the $ showing gains against the INR , Also Domestic suppliers reported lower inventory pressure due to better lifting and contracted exports which were moved out. PVC business was still subdued due to the Demonetisation impact and weak market sentiments.  
Based on the above RIL chose to increase the LDPE domestic basic prices by Rs 1000/Mt and the PP grades by Rs 1500/Mt rolling over the HDPE/LLDPE/ PVC Prices.
 
The Deemed Export basic Prices in PE Grades have been revised upwards,  please refer price list for change in the grades.

 

  • RIL revised upward PP Deemed Export Basic Prices w.e.f.16th December, 2016.

 

RIL revised upwards price of  LDPE grades and rolled order HDPE, LLDPE,PP,PVC grades w.e.f. 15th December, 2016

  •  
The Global Market sentiments have turned bullish with a vengeance in the PP/ PE Grades with the Global Prices having corrected UPWARDS week on week ranging from $ 10 to 50/Mt in PE Grades and in the PP Grades from $ 25 to 30/Mt across China / Asian Subcontinent with PVC becoming bearish to finally correct downwards steeply from $ 40 to 50 / Mt, China took the lead and fuelled the bull rally with Processors/ Traders restocking aggressively before the Christmas and New Year vacations which led to suppliers selling out for current deliveries and hiking offer prices for Jan/ Feb deliveries, This was primarily due to the increase in Crude oil values and expectation that there could be further increase in crude oil values due to support in production cuts by Non –Opec countries also. 
 
However on the domestic front there was still a cautious approach to restocking on inventory levels by Processors due to the currency liquidity levels which are yet to stabilise after the Demonetization. This has impacted processing activity across the board and there is still no clarity emerging as to when the situation will stabilise and Market sentiment will turn positive to support and facilitate Processors to restock aggressively.  
 
Based on the above We believe that RIL has taken a decision which is very supportive of the Current business scenario by Rolling over the Domestic Basic PP/HDPE/LLDPE/PVC Prices and increasing the Domestic Basic Prices in the LDPE Grades by a token Rs 1000/Mt. This is a step in the right direction and we strongly urge Customers to take advantage of the Domestic PE incentive scheme in place for December and current PP pricing and maximise their lifting.
 
  • RIL rolled over domestic prices of PE, PP, PVC grades w.e.f. 1st December, 2016. The Deemed Export basic Prices in PE  / PP Grades have been rolled over.

 

The Global Market sentiments continue to remain bearish in the PP/ PE Grades with PP Prices having corrected downwards week on week ranging from $ 15 to 25/Mt and in PE Grades ranging from $ 10 to 20/Mt across China / Asian Subcontinent with only PVC remaining firm, However the OPEC decision to cut back on Crude oil production by 1.2 million barrels per day has already had an impact on the Crude oil values with price per barrel firming up to $ 52 + today which could firm up feedstock prices leading to a firming up of the Polymer Prices. 
 
On the domestic front the Demonetisation of currency from the 9th of November continues to have an impact on currency supply which is yet to stabilise and processors are still waiting for clarity to emerge on the direction and trend of the market thereafter, Also a spinoff of Demonetisation was the $ firming up against the INR to cross Rs 68.50 which along with the firming up of Crude oil values could have influenced Domestic Suppliers decision to leave the Prices unchanged. 
Based on the above RIL Rolled over the Domestic Basic PP/PE/PVC Prices and withdrew the Domestic Price Protection in the PP/HD/LLD/LDPE Grades effective from 19th November and withdrew the Incentive Scheme in the HD/LLD Grades.
 
  • RIL revised downward PE Deemed Export Basic Prices w.e.f.19th November, 2016.

 

  • RIL revised downwards prices of HD / LLD grades and rolled over prices of  LD / PP / PVC Prices w.e.f. 17th November, 2016.

 

The Global Market sentiments have once again turned bearish especially in the PE Grades against Global cues with PE Prices having corrected downwards sharply week on week ranging from $ 20 to 40/Mt across China / Asian Subcontinent with PP showing some stability and PVC remaining firm, decreased crude oil values and slowdown in Demand in China and the Asian sub-continent seems to have been responsible for the PE values having weakened.
On the domestic front the Demonetisation of currency from the 9th of November had a severe impact on currency supply which led to processors postponing their buying decisions and waiting for the Markets to stabilise and clarity to emerge on the direction and trend of the market thereafter. 
Based on the above RIL announced a very aggressive incentive package in the HDPE/LLDPE Grades by correcting the Domestic basic price and enhancing the discounts in the incentive scheme in place, leaving the PP and PVC Prices unchanged
 
All HDPE Grades the domestic basic prices were decreased by Rs 2000/Mt
 
All LLDPE Grades the basic domestic prices were decreased by Rs 1000/Mt

 

The LDPE/PP/PVC Prices were unchanged.
 
  • RELPET Domestic basic price revised upwards by Rs.1500 mt effective 16th November, 2016

 

  • RIL revised downward PP Deemed Export Basic Prices w.e.f.16th November, 2016.

 

  • RIL rolled over domestic prices of PE, PP, PVC, PET grades w.e.f. 1st November, 2016.
  •  

The Deemed Export basic Prices in PE  / PP Grades have been revised upwards,  please refer price list for change in the grades.

 

RIL revised upwards PE, PP, PVC Prices w.e.f. 20th October, 2016

 

The Global Market sentiments have turned bullish with Polymer Prices having corrected upwards across China / Asian Subcontinent 2nd week consecutively in the range of $ 15/Mt in PP grades and $ 10 to 30 /Mt in PE grades, $ 15 to 20/Mt in the PVC grades, China returned from their Labour day holidays to increased crude oil values and started aggressively restocking in all Polymer grades which led to suppliers increasing offer prices in that region and withdrawing lower end offers to Asia and India.
 
On the domestic front availability across all PP/PE Grades was stable except certain LLD grades and LDPE grades where the avails were restricted. End product demand across all sectors is stable and though Processors were cautious in their restocking of inventory initially they stepped in since last week as news of the market sentiment having firmed up came in and the incentive scheme announced in PP Grades by certain producers came to a close on the 15th/16th of the month respectively, 
 
Based on the above RIL announced upward basic price corrections in PP/LDPE/ PVC Grades as mentioned below
 
All PP grades the domestic basic prices were increased by Rs 2000/Mt
 
All LDPE Grades the basic domestic prices were increased by Rs 2000/Mt
 
All PVC grades the basic domestic prices were increased by Rs 2500/Mt

 

RIL revised downwards prices of PP / HD / LLD grades and revised upwards prices of  LD / PVC / PET Prices w.e.f. 1st October, 2016.
 
The Global Market sentiments remain uncertain with market activity becoming sluggish as China has slowed down their buying due to their long labour day holidays which will start from beginning October, Global offers into the Indian Subcontinent corrected downwards week on week in PE grades ranging from $ 15 to 20/Mt and in PP grades from $ 20/Mt with PVC grades remaining firm. On the domestic front availability across all PP/PE Grades was stable except certain LLD grades and LDPE grades where the avails were restricted. End product demand across all sectors is stable and though Processors were cautious in their restocking of inventory initially they stepped in towards the latter part of the month to complete their APPQ slabs and build up comfort levels in inventory securitised in the HD/LLD grades by the domestic price protection in place and motivated by the post sale incentive scheme.   
Based on the above RIL announced downward basic price corrections in PP/HD/LLD Grades and increased the domestic basic price in the LDPE/PVC Grades as mentioned below
PP Grades AS030N/AS030NS/H026SG/H030SG/H030SGL/H030SGT/H033MG/H045SG/H045SGL/H060MG/M3030/M3030SP/N030SG/N033MG/N060MG/SS35N/H350FG/H350FGL/H350FGN/H350FGT/N350FG/H350EG/N350EG the basic domestic prices were reduced by Rs 2000 PMT, and for Grades H350FH/N350FH/H350FHT/H350FHL the basic domestic prices were reduced by Rs 1500/MT.
 
For all other PP grades the domestic basic prices were reduced by Rs 1000/Mt
 
All HDPE/LLDPE Grades the basic domestic prices were reduced by Rs 2000/Mt
 
All LDPE Grades the domestic basic prices were increased by Rs 1000/MT
 
All PVC grades the basic domestic prices were increased by Rs 2000/Mt
 
The Deemed Export basic Prices in PE  / PP Grades have been revised downwards,  please refer price list for change in the grades.

 

  • RELPET Domestic basic price revised upwards by Rs.1000 mt effective 1st October 2016

 

  • RIL revised upwards PE Price. Rollover of  PP, PVC, PET Prices w.e.f. 15th September, 2016.

 

The Market sentiments remain stable though market activity is subdued with Processors choosing to restock on inventories with cautiousness as supply from Domestic Producers was comfortable except in certain PE grades, and a major Domestic Polymer Producer who had gone in for a maintenance shutdown has restarted their PE/PP production.
RIL announced a token Price Hike in the LLDPE Grades by Rs 1000/Mt and rolling over the HDPE/LDPE/PP/PVC domestic Basic Prices.
 
The Deemed Export Prices in the PP Raffia Grades have been rolled over WEF 16th September as per policy in place.

 

  • RIL revised upwards PP, PVC,PET Prices. Rollover of PE  Prices w.e.f. 1st September, 2016.

 

The Market sentiments remain stable to firm across the board in all Polymers with Global Prices strengthening on the back of increased feedstock Price, strong Seasonal Demand in China and S E Asian markets which has resulted in Processors stepping in to build a comfort level in inventory levels. In the Domestic front these improved sentiments prompted Processors to restock inventories towards the end of August leading to a healthy order flow in PP/PE/PVC.
 
Based on the Firm Market sentiments RIL announced Price Hikes in PP/PVC Grades and Rolled over the PE Prices.
 
1)  PP Grades Domestic Basic Price increased By Rs 2000/MT, Except the below mentioned PP Grades where the Domestic basic price is  increased
      by Rs 3000/Mt.   AS030N/ AS030NS/ H026SG/ H030SG/ H030SGL/ H030SGT/ H033MG/ H045SG/ H045SGL/H060MG/ M3030/ M3030SP/                 N030SG/N033MG/N060MG/SS35N/H350FG/H350FGL/H350FGN/H350FGT/N350FG/H350EG/N350EG
 
2)  PVC Grades Domestic Basic Prices were increased by Rs 1500/Mt
 
3)  HDPE/LLDPE/LDPE Grades Domestic Basic Prices were rolled over.
 
The Deemed Export Prices in PP grades have been revised accordingly please refer the attached price list for details.

 

  • RIL revised upwards PP Prices. Rollover of PE, PVC Prices w.e.f. 25th August, 2016.

 

    • RIL revised downwards PP Prices. Rollover of PE, PVC Prices w.e.f. 18th August, 2016.

 

The Market trends have weakened further especially in PP putting pressure on the Global Polymer Prices with downward corrections in the PP Prices week on week with a range of  $ 25 to 30/MT , Once again ample supply is playing a defining role in sellers having to reduce offer prices as seasonal Demand is yet to pick up which has resulted in Processors/ Traders in both the Global as well as Domestic Markets remaining wary and adopting a cautious approach to restocking on inventories.
 
This Prompted RIL in correcting Downwards the Domestic Basic Prices in PP Grades 3rd week consecutively, rolling over the PE/PVC Prices.
 
All PP Grades Domestic Basic Price Reduced By Rs 2500/MT
 
  • RELPET Domestic basic price revised downwards by Rs.2000 mt effective 16th August2016

 

  • RIL revised downwards PP Prices. Rollover of PE, PVC,PET Prices w.e.f. 11th August, 2016.

 

The Market trends have entered the Bearish Zone putting pressure on the Global Polymer Prices with downward corrections in the PP/PE Prices week on week within a range of  $15 to 20/MT in the PP grades and $ 10/Mt in the PE grades with PVC remaining stable , However what is creating uncertainty is that the fundamental factors which used to impact prices such as the correlation between Crude values- Feedstock Values and the Downstream Polymer values no longer is the driving force, instead due to the enhanced capacities in China in PP and coming up in PE the supply dictates the pricing sentiment Globally. With supply having eased in most Polymers across the Asian / ME regions there is a cautious wait and watch approach with Processors/Traders before restocking inventories which puts pressure on sellers to reduce prices.
On the domestic front supply side issues have also considerably eased due to production being normalised resulting in improved avails and Processors are in no hurry to restock long inventories, Further with most seasonal buying over and expected fresh seasonal buying to start from September, Processors are covering inventory on need based basis. 
 
Therefore it came as no surprise that RIL Decreased the Domestic Basic Prices in PP Grades consecutively week on week, rolling over the PE/PVC Prices.
 
1.  PPHP Grades Domestic basic prices reduced by Rs 2000/MT
 
2.  PPCP Grades  Domestic Basic Prices Reduced by Rs 2500/MT  
 
The Deemed Export Prices in PP grades have been revised accordingly please refer the attached price list for details.
 
RIL revised downwards PP domestic prices, PP deemed prices are unchanged. Rollover of PE, PVC, PET Prices w.e.f.4th August, 2016.

 

RIL rollover PE, PP, PVC, PET Prices w.e.f. 1st August, 2016

 

RIL revised upwards PE, PP, PVC Prices w.e.f. 14th July, 2016.

 

The Global Market trends remain stable to firm across the board in all Polymers with tight supplies, Firm Feedstock pricing and active restocking taking place with Traders/ End Users in China resulted in The global polymer offer prices being hiked upwards week on week in PP/PE Grades and marginally in the PVC Grades continuing the momentum and signalling the firm trend. 
On the domestic front supply side issues continue to dominate with avails of critical grades being impacted due to production being rescheduled and an impending shutdown in PP line, In the PVC grades non seasonal demand is very strong as processors have already started covering for Aug/Sept deliveries and domestic order flow is very healthy, This has given an opportunity to global suppliers who have hiked up their offers for Aug/ Sept Deliveries with limited avails., 
Imports are scarce in all Polymers and this has reflected in Processors depending on Domestic suppliers to cover their inventories and the order flow is robust and unabated as processors want to build up comfort level in inventories.
 
Therefore it came as no surprise that RIL increased mid-Month domestic basic prices in PP/PE/PVC grades as follows.
 
1. PP Domestic basic prices increased by Rs. 1500/- MT in
    the H030SG/AS030N/SS35N/H350FG/EG Grades
 
2. All Other PP Grades Domestic Basic Prices increased by Rs 1000/MT 
 
3. LLDPE grades Domestic basic Prices increased by Rs. 1000/MT.
 
4. LDPE General Purpose grades domestic basic prices increased by Rs. 1500/MT.
 
5. All Other LDPE Grades Domestic Basic Prices increased by Rs 1000/MT
 
6. PVC Grades domestic basic prices increased by Rs 1000/MT
 
7. HDPE Grades domestic basic prices were rolled over.
 
PP Deemed export basic prices in the PP Raffia/ Injection moulding grades have been revised upwards by Rs 1090/ MT as per policy in place.

 

RELPET Domestic basic price revised upwards by Rs.1500 mt effective 12th July2016

 

RIL revised upwards PE, PP Prices. Rollover of PVC,PET Prices w.e.f. 1st July, 2016.

 

The bull run continues with global polymer offer prices hiked upwards week on week quite sharply in PP/PE Grades and marginally in the PVC Grades.
Crude values have touched $ 50 to a barrel, and feedstock values are also firm. China is seeing aggressive restocking of inventory by resellers and processors thereby ensuring firm pricing and market sentiments.
On the domestic front supply side issues dominate with avails of critical grades being impacted due to production being rescheduled and ICP grades being impacted due to issue in Hazira plant.Processors have come back with a vengeance to restock inventories across the board with a robust order flow.
Ril increased domestic bacis prices in PP/PE grades as follows, and rolled the PVC prices.
1. PP Domestic basic prices increased by Rs. 3000/- MT
2. Increase in prices of HDPE grades by Rs. 1000/MT except HD GPBM, MBM/LBM, HD/HM Film and HD/HM Pipe where prices are increased by Rs. 1500/MT.
3. Increase in prices of all LLDPE grades by Rs. 2000/MT.
4. Increase in prices of LDPE grades by Rs. 2500/MT except LDGP where prices are increased by Rs. 2000/MT and LD Extrusion Coating where prices are increased by Rs. 3000/MT.
 
All domestic and Deemed unexecuted orders in PP/PE/PVC  in the system are cancelled and will have to replaced except PP Orders from the Ril SEZ unit which are cleared for supply on 30th July which will be live. 
 
PP Deemed export basic prices in the PP Raffia/ Injection moulding grades have been revised upwards by rs 3400/ MT as per policy in place.

 

News and Updates

RIL Revised Prices
ril-revised-prices M/s Resin Distributors Ltd ( Now Resin Agency LLP) was bestowed with an award by RELIANCE INDUSTRIES LTD for the Best...
1920220