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    • 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 PVC Domestic basic Prices have been revised upwards by Rs 1500/Mt w.e.f 8th December 2017.

 

  • RIL revises domestic basic prices in Specific PP /  PE grades.  And rolled over basic price in specific PP / PE and all PVC grades w.e.f. 1st Dec. 2017.

 

The Market sentiments continue to remain stable , In PP Grades the offer prices into the Indian Subcontinent remained stable with most offers from ME players @ $ 1170-90 range for PPHP Grades and PPCP Grades @ $ 1190-1200 range, for Dec shipments and in PE Grades there was a firming up of Price witnessed with offers in the HD/LLD Grades showing a mark up of $ 20/Mt and in LD grades prices remaining firm for Dec shipments , In PVC there was no change with fresh offers expected shortly which will determine the market trend. 

 
On the Domestic front the market sentiments were stable with order flow picking up towards the end of the month based on avails of PP/PE Grades and the unplanned shutdown of the RIL SEZ units which prompted processors to cover inventory, and completion of the incentive schemes in PE Grades and the APPQ Qtys in PP/PVC Grades. 
 
RIL chose to increase the HDPE Injection moulding/ Raffia/Monofilament Grades Domestic basic prices by Rs 1000/Mt and increased the Domestic Basic Prices of all other HDPE Grades by Rs 1500/Mt
 
The LLDPE Lamination Grade E24065/JE24065 domestic Basic Prices were reduced by Rs 1500/Mt
 
The PP Block Copolymer Domestic Basic Prices were increased by Rs 1000/Mt
 
All other PPHP/RCP/ LLDPE/PVC Grades domestic basic prices were rolled over, In the LDPE Grades regional discounts have been introduced due to which the Domestic basic prices have been reduced in all LDPE Grades, Specifically for LD Grades 1070LA17/24FS040 and 22FA002 the Domestic Basic Price for Silvassa destination was reduced by approx. Rs 5000/Mt we will be sending you the details separately based on your grade and region.
 
The Deemed Export Prices in PE, PP grades have been revised as per price circular attached.
 
RIL revised PE, BOPP Deemed Export Basic Prices w.e.f. 16th November 2017.

 

  • RIL PVC Domestic basic Prices have been reduced by Rs 4000/Mt w.e.f 15th November 2017.

 

  • RIL PP prices revised downwards. LDPE prices revised downwards. HDPE prices for certain grades were revised upwards, other HDPE all LLDPE and PVC grades prices were rolled over w.e.f  1st November 2017.

 

The Market sentiments remain stable to a little uncertain due to slowing market activity in China and S.E.Asia with Feedstock prices having corrected downwards after strong numbers in last couple of months, In PP Grades the offer prices into the Indian Subcontinent remained firm and in PE Grades there was a marginal increase which increased the delta which is very much in favour of Domestic suppliers with very aggressive pricing and incentive schemes in place last month, In PVC there was no change with most market sources of the opinion that the pricing has bottomed out and will probably go up for November offers. 
 
On the Domestic front the sentiments improved after the return of processors from the Diwali vacations and order flow improved to complete the APPQ quantities and Incentive scheme in HD/LLD Grades. In keeping with the above sentiments RIL chose to reduce the PP Domestic Basic Prices by a token Rs 1000/Mt and Increase the HDPE Raffia/ Monofilament/ Injection Moulding Grade 50MA180 basic Domestic Prices by Rs 1500/Mt. The LDPE General Purpose/Adhesive lamination/Heavy Duty/Injection Moulding Grades basic domestic prices were reduced by Rs 1500/Mt and the LDPE Extrusion Coating and Milk pouch Grades basic domestic prices were reduced by Rs 4000/Mt.
 
All other HDPE and all LLDPE Grades domestic basic prices were rolled over, The PVC Grades basic Domestic prices were rolled over and the Price protection announced effective 25th October is withdrawn. The incentive Scheme in HDPE+LLDPE Grades for October 17 is over.
 
The Deemed Export basic Prices in the PP Raffia Grades have been revised downwards by Rs 1000/Mt as per policy in place for DE prices of other PP grades please refer the Price Circular attached and the Deemed Export basic Prices for all PE grades have been rolled over.

 

 
  • RIL revised downwards PVC Price Rs. 3000 pmt. Rollover of PE, PP Prices w.e.f. 17th Oct 2017.

 

  • RIL revised downward PE Deemed Export Basic Prices w.e.f. 16th Oct 2017.

 

  • RIL increased domestic basic price in PP, PVC grades. Prices in certain HDPE / LDPE grade revised downwards w.e.f. 1st Oct 2017. 

 

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.
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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.
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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.

 

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...
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