About Us

    • 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 revised PE Deemed Export Basic Prices w.e.f. 16th June 2018 & revised PP Deemed Export Basic Prices w.e.f. 18th June 2018 

 

  • RIL revised upwards domestic basic prices in PE, PP, PVC grades w.e.f 1st June 2018 

 

Supply Side still seems to be dominating the Market sentiments and pricing, though China and South East market sentiments seem to be at variance, with China becoming stable to soft and South East Asia still holding on to prices, in this scenario anticipate market for India also remaining stable to  price correction in a narrow band as most ME/ S.E.Asia capacities will come back from their shutdowns, Ramadan will be over by 15th June and supply issues will ease in both PP/PE, although HD prices still remain firm due to demand for Pipe grades which impact the supply in other HD grades( Blow, Film, Etc)  also agriculture season is already over in China leading to slow down in buying in PE. Crude values have corrected downwards and even feedstock prices have corrected downwards which could also have a impact on market sentiment and pricing.
In PVC anticipate mixed scenario as Formosa is shutting down its EDC and VCM units from mid june onwards and incoming imports are not very large in volume which could make prices remain stable to a marginal premium, however with the Indian pipe season getting over demand will be impacted and could have a impact on market sentiments.
 
Market Situation should be monitored closely and should be more clearer after Mid June.
 
On the Domestic front a major producer has gone in for a maintenance shutdown for almost 40 to 45 days and another major north based producer still has issues in their LLD line, here also the increased demand for HD pipe grades has created a imbalance in the other HD grades. Also most ME/ S.E.Asian suppliers are still offering high prices which are making imports uncompetitive as they don’t have selling pressure due to low inventories. The $ weakening against the INR to go below Rs 68 has created further uncertainty and enhanced dependence on Domestic supplies.
 
All the above factors led to healthy order flow from processors to maximise supplies and cover long inventories due to good seasonal demand in most end sectors 
 
Due to all the above factors RIL chose to increase the Prices as follows 
 
RIL increased the Domestic basic prices in PPHP Injection Moulding Grades by Rs 2000/Mt
 
All other PPHP and the ICP Grades domestic basic prices were increased by Rs 1500/Mt, The RCP Grades Domestic basic Prices were increased by Rs 1000/Mt
 
In the PE grades the Domestic Prices were increased as mentioned below
 
1. The prices of HDPE Raffia, Monofilament increased by  Rs. 1000/MT, The HD LBM grades were increased by Rs 1500/MT.   
 
2. The Jamnagar LLDPE Butene Film, Wire and Cable, Extrusion Coating Grades Prices were increased by Rs 500/Mt  
 
3. LDPE grades prices were increased as follows :
 
1070LA17 Rs 1500/Mt
22FA002 Rs 1000/Mt
1003FA20 Rs 1000/Mt
24FA040 Rs 1500/Mt
24FS040 Rs 1500/MT
1005FY20 Rs 1000/Mt
 
Jamnagar Grades
 
J24FS040 Rs 1500/Mt
J1005FY20 Rs 1500/Mt
 
4. All PVC Grades Prices were increased by Rs 1000/Mt.
 
5. All other HDPE/LLDPE Grades prices have been rolled over.
 

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

 

  • RIL revised upwards domestic basic prices in PVC grades w.e.f. 23rd May 2018.

 

  • RIL revised upwards domestic basic prices in PE,PP, PVC grades w.e.f 17th May 2018 
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Supply Side seems to be dominating the Market sentiments and pricing, Major ME and Chinese producers are in maintenance shutdowns, Crude Values are unstable having gone beyond $ 78 per barrel, the US having withdrawn from the Iran nuclear deal has created uncertainties about supplies of RM from that country and expected to push crude values higher, On the Domestic front a major producer has gone in for a maintenance shutdown for almost 40 to 45 days and another major north based producer has issues in their LLD line, also HDPE production was impacted in a west based large producers plants which led to restricted supplies in critical grades, also the increased demand for HD pipe grades has created a imbalance in the other HD grades. And last but not the least the $ strengthening against the INR to touch a conversion of Rs 68 has created further uncertainty and making imports scarce leading to enhanced dependence on domestic supplies.
 
All the above factors led to healthy order flow from processors to maximise supplies and cover long inventories due to good seasonal demand in most end sectors 
 
Due to all the above factors it was inevitable that Domestic Producers increase the Prices across the board, 
 
RIL increased the Domestic prices in PP Grades by Rs 3000/Mt.
 
In the PE grades the Domestic Prices were increased as mentioned below
 
1. The prices of HDPE IM High( 50MA180), Raffia, Monofilament, GPBM, HD Film, HM Film and Sheathing grades were increased by Rs. 3000/MT, The HDPE MBM, LBM, HD Pipe and HM Pipe grades were increased by Rs 2500/MT.   
 
2. HDPE IM Low grades( M/L 60075) prices were increased by Rs 2000/MT. 
 
3. All LLDPE grades prices were increased by Rs. 1000/MT. 
 
4. All LDPE grades prices were increased by Rs. 1000/MT.
 
5. All PVC Grades Prices were increased by Rs 1000/Mt.

 

  • RIL revised PE / PP Deemed Export Basic Prices w.e.f. 16th May 2018

 

  • RIL revised domestic/ deemed basic prices in PE, PP, PVC grades w.e.f. 1st May 2018.

 

Market sentiments have stabilised in PP and look a little uncertain in PE grades due to weakening Ethylene Prices with new start-ups in the USA and PVC is stable to firm with good seasonal demand and limited supplies. There was very little activity in China and SE Asia due to the labour day holidays, 
 
however on the domestic front there was healthy order flow and restocking across the board in PP/PE/PVC Grades due to supply issues with certain domestic producers facing technical issues in their plants due to which through put was reduced and production schedules in key grades disrupted and opening of end product demand in most sectors except to a certain extent in the Film sector due to the uncertainty because of the plastic ban in Maharasthra which also had an impact in the close by processing centres who supply plastic bags to Maharasthra. The import offers into India were pretty much the same with minor corrections upward and down ward in PP/PE/PVC. 
 
The USD strengthening against the INR to almost touch Rs 67 also had a major impact in the Decision of Domestic Producers to hike the Polymer Prices.
 
RIL has increased the Prices across the board in PP/PE/PVC grades however based on the delivered Price structure they have merged the freight with the basic price for each location and no separate freight rates are mentioned for each location. Only PP supplies from the RIL SEZ unit will still be based on the previous structure.  
 
In PP H030SG the Price has been increased by Rs 1600/Mt, H110MA by Rs 1600/Mt, H100EY 1100 Mt, H350FG Rs 1000/Mt
 
ICP Grade C080MA Price has been increased by Rs 1950 Mt.
 
RCPP Grade SRM100NC Price has been increased by Rs 1575 Mt.
 
HDPE Grades -: E52009 Price has been increased by Rs 3590/Mt, 55EF1010 by Rs 3580/Mt, B56003 by Rs 3000/Mt, M/L 75 and 50MA180 by Rs 3000/Mt
 
LLD Grades -: F19010/JF19010 price has been increased by Rs 2070/Mt, M26500 by Rs 3000/Mt, 36RA045 by Rs 3000, E24065/JE24065 Rs 3000/Mt.
 
LDPE Grades-: 24FS040/J24FS040 Prices has been increased by Rs 2000/Mt, 1070LA17, 1005FY20 and 22FA002 by Rs 3000/Mt.
 
PVC Grades-: K6701 Prices were increased by Rs 1550/Mt and 57GER01 Nashik Location Price has been increased by Rs 1200/Mt.
 
  • RIL revised upwards domestic basic prices in specific PE grades. Rolled over basic prices in specific PE grades and all  PP, PVC grades w.e.f. 19th April 2018.

 

PE Price Circular Highlights.
 
Increase in prices of HDPE IM High grades by Rs. 2000/MT, Increase in HDPE Raffia and Monofilament grades by Rs 3000/MT, Increase in HDPE GPBM, MBM and HM Film grades by Rs 1500/MT, Roll over in prices of all other HDPE grades. 
 
Increase in prices of LLDPE Roto and High Flow grades by Rs. 1500/MT, Roll over in prices of all other LLDPE grades. 
 
Increase in prices of LDPE 1005FY20 grade by Rs. 1000/MT, Roll over in prices of all other LDPE grades.
 
No change in Deemed Exports prices. 
 
  • RIL revised downward domestic basic prices in PVC grades w.e.f. 18th April 2018

 

  • RIL revised PE / PP Deemed Export Basic Prices w.e.f. 16th April 2018

 

  • RIL revised domestic basic prices in all PP grades and specific PE grades. Rolled over basic prices in specific PE grades and all  PVC grades w.e.f. 1st April 2018.

 

Market sentiments continue to remain soft , though in China there is signs that restocking has resumed  and domestic inventories have fallen which has led to the delta between domestic prices and Import offers becoming narrower and import activity has picked up. Once again the week on week Prices were revised downwards in all PP/PE In the SE/FE Asian subcontinent, offers into India also were revised downwards which has reduced the substantial delta that existed between India offer prices and SE/ FE Asian offer prices. PVC prices seem to have stabilised with import offers @ 1000 + levels and seasonal buying in India expected to pick up from hereon.

 
On the domestic front restocking activity picked up from the 2nd half of the month as processors stepped in to complete the MOU being the year end and incentive schemes in place. 
 
RIL Reduced the PP Grades Domestic basic Prices by Rs 1500/Mt and the HDPE Injection Moulding Grades L and M 60075 Domestic Basic Prices by Rs 1700/Mt, LDPE Milk pouch Grade 1005FY20 and J1005FY20 domestic basic prices were increased by Rs 2200/Mt.
 
All the other HDPE/all LLDPE/other  LDPE / all PVC Grades Domestic basic Prices were rolled over

 

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

 

  • RIL revised downwards domestic basic prices in Specific HDPE grades. Rolled over the other HDPE/all LLDPE/ all LDPE / all PP/ all PVC Grades Domestic basic Prices w.e.f. 22nd March 2018.

 

Market sentiments seem to have softened with China domestic inventories rising and the pressure to sell by producers and Traders making the domestic price in China cheaper than the import offers. This reflected in the week on week Prices with downward revisions in all PP/PE( except a marginal upward revision in the HD BLOW grade) /PVC grades In the SE/FE Asian subcontinent, offers into India are reducing though in a narrower band compared to SE Asia and FE Asia which has created a substantial delta between India offer prices and SE/ FE Asian offer prices. 
 
Though Supply side still continues to be restricted due to planned and unplanned plant shutdowns in the ME and SE Asian regions however lack lustre buying interest due to weak end product movement in China/ SE Asian markets has softened the pricing by global players. 
 
RIL Reduced the HDPE Injection Moulding Grades Domestic Basic Prices by Rs 2000/Mt and rolled over the other HDPE/all LLDPE/ all LDPE / all PP/ all PVC Grades Domestic basic Prices.

 

  • RIL revised downwards PE Deemed Export Basic Prices w.e.f. 16th March 2018

 

RIL revised downwards PP Deemed Export Basic Prices w.e.f 15th March 2018

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  • RIL revised upwards domestic basic prices in Specific PE grades. Rolled over domestic basic prices in specific PE grades and all PP / PVC grades w.e.f. 1st March 2018.

 

Market sentiments were relatively stable this week with China coming back from their holidays and assessing the stocks and Prices before stepping in to buy, as per information received inventory levels with domestic suppliers has gone down and restocking by traders/ Processors should resume. This reflected in the week on week Prices with upward revisions in certain HD grades and marginal downward revision in the LD grades and rollover in the LLDPE prices in the SE Asian sector and a rollover in the PE Prices in India offers except a hike of $ 10/Mt in the HD injection moulding grades price. The PP Prices showed a marginal reduction ranging from $ 5 to $ 10/Mt in the S.E.Asian sector and a rollover in the India offers. PVC also was stable with no change in the offer prices. 
 
Supply side still continues to remain tight due to planned and unplanned plant shutdowns in the ME and SE Asian regions and certain domestic producers whose plants have restarted but with reduced throughputs this will continue to dominate PE/PP avails both globally and Domestically and have a impact on pricing. HDPE Prices are still very bullish due to enhanced demand for PE Pipe grades in China due to upgradation of infrastructure which coupled with the shutdowns has created a imbalance in supply of other HDPE Grades leading to aggressive prices increases in the Pipe $ 1600 +, Blow $ 1400 +, Film $ 1400 + Injection Moulding $ 1300 + and Raffia $ 1360 + in India and other markets.
 
On the domestic front buying by processors continued with a view to build comfort level in inventories especially in the HD/ PP/Certain LLD Grades which supported the order flow and resulted in healthy sales.
 
Sixth Week Consecutively RIL aggressively increased the Domestic Basic Prices in PE Grades and rolled over the PP/PVC Grades. 
 
1.Increase in prices of all HDPE grades by Rs 1000/MT except Raffia, Monofilament, GPBM, MBM, & LBM where prices are increased by Rs 2000/MT and roll over in HDPE IM Low MI grades( M&L 60075).
 
2.Increase in prices of LLDPE Roto, Roto UV, Extrusion coating and high flow grades by Rs 1000/MT. Roll Over in prices of all other LLDPE grades.
                    
3.Increase in prices of LDPE Extrusion coating grades by Rs. 3000/MT. Roll over in prices of all other LDPE grades.

 

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

 

  • RIL revised upwards  specific domestic basic prices in PE, PP, PVC grades and downwards specific basic prices in PE grades  w.e.f 15th February 2018.

 

Market sentiments were relatively stable this week with very little activity seen in China and S.E.Asian markets as they have gone on their Lunar New  year Holidays and will return from 21st Feb onwards., There were no changes in PE prices in the SE Asian sector with marginal drops of $ 5 /Mt in certain HD and LLD grades and drop of $ 10/Mt in the LD grades in the SE Asian subcontinent, there was a hike of $ 10 to 40 /Mt in the Indian subcontinent in the HDPE Grades and no changes in LLD Grades, PP showed a marginal increase by $ 5/Mt in S.E.Asia And $ 10 /Mt in India , PVC remains firm with fresh offers into India touching $ 1050/ Mt levels with limited Qty on offer. 
 
With the crude values having dropped from $ 70 per barrel to $ 63 per barrel there was some concerns that markets sentiments would soften however the supply side issues ( planned and unplanned plant shutdowns in the ME and SE Asian regions and certain domestic producers in India who had plant shutdowns and slow down in throughputs) continue to dominate PE/PP avails both globally and Domestically and this is a major factor which is keeping the price and sentiment firm
 
On the domestic front buying by processors continued with a view to build comfort level in inventories especially in the HD/ PP/Certain LLD Grades which resulted in robust order flow and fortunately was reasonably well supported from RIL end with stable supplies in most Grades across the board
fifth Week Consecutively RIL aggressively increased the Domestic Basic Prices in PE Grades and 4th week Week consecutively in the PP Grades and 4th upward Price revision in the PVC Grades. 
 
PP Domestic Prices have been revised upwards for IM by Rs 2000 /MT, Raffia, Extrusion and F&F by Rs 2500/MT, TQ by Rs 1000 /MT, ICP by Rs 2500 /MT and RCP by Rs 1000/MT.
 
The PE Prices have been revised as mentioned below
 
Increase in prices of all HDPE grades by Rs. 2500/MT, except IM High, IM Low, Raffia & Monofilament where prices have been increased by Rs 2000/MT.
 
Decrease in prices of LDPE Grades J24FS040 BY Rs 410/Mt, J1005FY20 BY Rs 2410/ Mt, J1020FA20 by Rs 410/Mt and 1005FY20 by Rs 2000/Mt, 16MA400 BY Rs 2000/Mt and 22FA002 by Rs 6000/Mt. LDPE Grades 24FS040 , 1070LA17 and 1020FA20 have been rolled over along with the LLDPE Grades prices.
 
PVC Domestic Basic Prices have been increased by Rs 2000/Mt

 

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

 

RIL revised upwards domestic basic prices in PE, PP, PVC grades w.e.f. 2nd February 2018.

 

PFA the RIL Price Circular dated 2nd Feb 2018 in which the  Domestic Basic Prices have been revised upwards, In PP Grades by Rs 430/ MT , HDPE Grades by Rs 450/Mt , LLD/LD Grades by Rs 400/Mt and PVC Grades by Rs 350/Mt.

 

  • RIL revised upwards basic prices in PE, PP, PVC grades w.e.f. 1st February 2018.

 

Market sentiments continue to remain extremely bullish, There were further hikes in price offers of all Polymers week on week in PE ranging from $ 20 to $ 40/Mt in the SE Asian subcontinent and $ 20 to 100 /Mt( only in the HDPE Blow moulding grades) in the Indian subcontinent with HDPE once again leading the rally followed by other PE Grades, PP showed a increase by $ 10 /Mt in S.E.Asia And $ 10 to 15 /Mt in India , PVC remains firm with fresh offers into India expected above $ 1000/ Mt levels with limited Qty on offer. 
 
Wish to mention here that offer prices in Indian Subcontinent across the board in PP/PE/PVC are already reflecting higher prices beyond the weekly reports and trends and sentiments are firm in China and SE.Asia which would support further upward price corrections.
 
On the domestic front aggressive buying by processors to build long inventories continued which resulted in robust order flow and fortunately was well supported from RIL end with stable supplies in most Grades across the board
 
Fourth Week Consecutively RIL increased the Domestic Basic Prices in PE Grades and 3rd Week consecutively in the PP Grades and 3rd upward Price revision in the PVC Grades. 
 
PPHP/ICP/RCP Grades the Domestic Basic Prices were increased by Rs 2500/Mt.
 
The PE Prices have been revised as mentioned below
 
1.Increase in prices of HDPE GPBM, MBM, LBM, HM Film, HD Pipe, HM Pipe and Sheathing grades by Rs 4000/MT, HDPE Injection Moulding High and HD   Film by Rs 2500/MT, all other HDPE grades increase by Rs 1000/MT.
 
2.Increase in prices of LLDPE Roto Moulding, Extrusion Coating and High flow grades by Rs. 1500/MT, Increase in J3 LLDPE High Flow and J3 LLDPE   Roto Moulding grades  by Rs 2500/MT, all other LLDPE grades by Rs 1000/MT.
 
3.Decrease in prices of LDPE Heavy Duty and LDPE Injection Moulding grades by Rs. 4000/MT, Increase in prices J3 LDPE General Purpose and J3   LDPE Adhesive Lamination grades by Rs. 2000/MT, Increase in LDPE General Purpose and Adhesive Lamination grades by Rs 1000/MT. All other LDPE   grades Prices rolled over.
 
4.Changes in Deemed Exports prices as per attached price circular. 
 
PVC Domestic Basic Prices have been increased by Rs 1000/Mt
 
The Deemed Export Prices in PE, PP grades have been revised as per price circular attached.
 
  • RIL revised upwards domestic basic prices in Specific PP /  PE and all PVC grades.  And rolled over basic price in specific PP / PE grades w.e.f. 25th January 2018.

 

Market sentiments are extremely bullish, fuelled by a enhanced demand for Prime grades in China due to the blanket ban on import of Polymer waste, increased feedstock values, restocking demand from China and S.E Asian countries and planned and unplanned shutdowns in ME, SE Asian countries and Domestic Suppliers.
 
There were steep hikes in price offers of all Polymers week on week in PE ranging from $ 10 to $ 30/Mt in the SE Asian subcontinent and $ 10 to 40 /Mt in the Indian subcontinent with HDPE leading the rally followed by other PE Grades, PP showed a steep jump by $ 45 /Mt in S.E.Asia And $ 40/Mt in India , PVC continued its firm trend with fresh offers into India @ $ 1000 levels allocations for which were short.
 
On the domestic front the end product demand has picked up with Price sentiments firm and hampered supplies in certain HD/LLD grades and PP/PVC Grades processors orders were back in the system with an objective of building up long inventories across the board. 
 
Third Week Consecutively RIL increased the Domestic Basic Prices in PE Grades and 2nd Week consecutively in the PP Grades and 2nd upward Price revision in the PVC Grades. 
 
PPHP/ICP/RCP Grades the Domestic Basic Prices were increased by Rs 1500/Mt, The PP Addipol Grade AS030N/S there is a increase in the domestic basic price by Rs 1500/Mt, the other PP Addipol Grades prices have been rolled over.
 
The PE Prices have been increased as mentioned below
 
1.Increase in prices of HDPE GPBM, MBM, LBM, HD Film, HM Film, HD Pipe, HM Pipe and Sheathing grades by Rs. 1000/MT. Roll over in prices of all other HDPE grades. 
 
2.Roll Over in prices of all LLDPE grades. 
 
3.Roll over in prices of all LDPE grades.
 
4.No change in Deemed Exports prices. 
 
PVC Domestic Basic Prices have been increased by Rs 1000/Mt

 

  • 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. 18th January 2018.

 

Market sentiments continue to remain bullish, fuelled by a surge in crude oil values from $ 50 to current value of $ 70 per barrel, increased feedstock values, restocking demand from China and S.E Asian countries and planned and unplanned shutdowns in ME and SE Asian countries.
 
There was a increase in price offers of all Polymers week on week in PE ranging from $ 20 to $ 30/Mt in the SE Asian subcontinent and $ 20 to 40 /mt in the Indian subcontinent with HDPE leading the rally followed by other PE Grades, PP also remained firm with a increase week on week of $ 15/Mt in S.E.Asia And $ 5/Mt in India , PVC continued its firm trend with fresh offers into India @ $ 990-1000 levels allocations for which were short.
 
On the domestic front there end product demand has picked up and with Price sentiments firm and processors stepping in to cover long inventories, and hampered supplies in certain HD grades and PP/PVC Grades orders were back in the system with a vengeance. 
 
Along expected lines as PP Domestic Prices were untouched last week, there was certainty that they would be revised upwards this week and RIL did not disappoint and increased the PP Homopolymer / Block Copolymer Domestic Prices by Rs 1500/Mt and rolled over the Domestic basic Prices in all the Random Copolymer Grades along with all the PVC Grades. All PPHP and ICP orders are cancelled in the system and will have to be replaced, All RCP Orders in the system are live.In keeping with the Sentiment RIL increased the PE Prices consecutively in the second week as follows
 
1. Increase in prices of all HDPE grades by Rs. 1500/MT, except IM High, IM Low, Raffia & Monofilament where prices are being increased by Rs 1000/MT.
 
2. Increase in prices of all LLDPE grades by Rs. 1000/MT, except LL High Flow grades where prices are being decreased by Rs 3000/MT.
 
3. Increase in prices of LDPE GP, LDPE EC and LDPE AL grades by Rs. 1000/MT. Roll over in prices of all other LDPE grades.

 

RIL revised PE / PP Deemed Export Basic Prices w.e.f 16th January 2018

 

  • RIL revised upwards HDPE / PVC Prices. Rollover of LLDPE / LDPE / PP Prices w.e.f 11th January 2018
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Market sentiments have turned bullish with a vengeance, fuelled by a surge in crude oil values from $ 50 to current value of $ 70 per barrel, increased feedstock values, restocking demand from China and S.E Asian countries and planned and unplanned shutdowns in ME and SE Asian countries.
 
There was a increase in price offers of all Polymers week on week with PE leading the rally followed by PP. PVC continued its firm trend with fresh offers @ $ 960 levels allocations for which were short. Fresh offers have already surfaced ,@ $ 1000 levels for end jan/ feb shipments.
On the domestic front there was a mixed reaction as end product demand was a little slow, however once the realisation set in that pricing sentiments are firm and supply was restricted in certain grades order flow is now robust. 
 
In keeping with the Sentiment RIL increased the HDPE Blow Moulding Grades GPBM/MBM/LBM Domestic Basic Prices by Rs 3000/Mt ( the most bullish in Prices along with HDPE Film Grades which are today on offer @ $ 1300 + /MT) and other HDPE Grades the domestic basic prices were increased by Rs 2000/Mt.
 
The PVC Domestic Basic Prices were increased by Rs 1500/Mt in the K67 Grades and by Rs 2500/Mt in the K57 Grades. The Domestic basic prices were rolledeover in the LLDPE/LDPE/PP Grades. The Deemed Export Basic Prices were rolled over for all HDPE/LLDPE/LDPE Grades.
 

RIL revises domestic basic prices in Specific PP /  PE and all PVC grades.  And rolled over basic price in specific PP / PE grades w.e.f. 1st January 2018.

 

PE Price Circular Highlights.
 
1.  Increase in prices of HD Pipe/ HM Pipe grades by Rs. 3000/MT. Roll over in prices of all other HDPE Grades.
2.  Roll Over in prices of all LLDPE Grades.
3.  Decrease in prices of LD EC, LD AL and LD MP grades by Rs. 2000/MT. Roll over in prices of all other LDPE Grades.
 
PP Price Circular Highlights. 
 
Prices are revised upwards for ICP and Homo-polymers by Rs1000 PMT and are rolled over for RCP. 
 
PVC Price Circular Highlights.
 
PVC Basic Prices increase by Rs.1000/ MT
 
The Deemed Export Prices in PE, PP grades have been revised as per price circular attached.

 

  • RIL PVC Domestic basic Prices have been revised upwards by Rs. 1000/ Mt w.e.f. 20th December 2017

 

  • RIL revised PE, BOPP Deemed Export Basic Prices w.e.f. 16 th December 2017

 

  • 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.
 

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