For >=60% & <80% of MQ - MG1: Rs. 1.75/Kg
For >=80% & <100% of MQ - MG2: Rs. 2.25/Kg
For >=100% of MQ - MG3: Rs. 2.75/Kg

Effect Month: September 2024.

Brent Crude Oil Open Higher 0.25% at 78.07$/BBL

77.73 $/BBL - Current
78.05 $/BBL - Closed Yesterday
78.07 $/BBL - Open

WTI Open Higher 0.45% at 74.04 $/BBL

74.13 $/BBL - Current
74.38 $/BBL - Closed Yesterday
74.04 $/BBL - Open

The ongoing strike by members of the International Longshoremen's Association (ILA) has brought operations to a standstill at US East Coast ports, causing significant disruptions to cargo shipments. Despite ongoing negotiations, there are few signs of a swift resolution to the industrial action.

The United States Maritime Alliance, representing employers, has stated that they cannot agree to preconditions for returning to bargaining but remain committed to negotiating in good faith. The ILA, on the other hand, has remained steadfast in its position and reported threats against its leadership, including President Harold Daggett.

The striking ILA dockworkers have received significant political backing from both US President Joe Biden and Acting US Labor Secretary Julie Su. As a result, container ships laden with cargo are accumulating along the East Coast ports, with limited options but to drop anchor and wait.

The impact of the strike on port operations has been substantial. According to Sea-Intelligence, the first week's capacity loss due to the strike was around 775,000 TEU. While the impact is expected to be lower in subsequent weeks, a weekly loss of capacity in the range of 443,000 TEU is still anticipated.

Sea-Intelligence CEO Alan Murphy commented that a 4-week strike could tie up almost 7% of the Global Fleet along the US East Coast, leading to a very significant impact on the supply and demand equation.

Brent Crude Oil Open Higher 0.21% at 77.79 $/BBL

77.58 $/BBL - Current
77.62 $/BBL - Closed Yesterday
77.79 $/BBL - Open

WTI Open Higher 0.31% at 73.94 $/BBL

73.61 $/BBL - Current
73.71 $/BBL - Closed Yesterday
73.94 $/BBL - Open

Brent Crude Oil Open Higher 0.92% at 74.59 $/BBL

74.80 $/BBL - Current
73.90 $/BBL - Closed Yesterday
74.59 $/BBL - Open

WTI Open Higher 1.31% at 70.94 $/BBL

71.05 $/BBL - Current
70.01 $/BBL - Closed Yesterday
70.94 $/BBL - Open

Brent Crude Oil Open Higher 1.22% at 73.56 $/BBL

74.65 $/BBL - Current
73.56 $/BBL - Closed Yesterday
74.47 $/BBL - Open

WTI Open  Higher 1.27% at 69.83 $/BBL

71.20 $/BBL - Current
69.83 $/BBL - Closed Yesterday
70.73 $/BBL - Open

ONGC/MRPL - Mangalore Refinery and Petrochemicals Limited - PP & PP LAMINATION POLYMER PRICE UPDATE.

PP - Price No Change
PP - Price No Change

Price Effect Date From 1st October 2024.

IOCL - Indian Oil Corporation Limited - PP, HDPE & LLDPE POLYMER PRICE UPDATE

PP - Price No change 
HDPE - Price No change 
LLDPE - Price No change 

Price Effect Date From 1st October  2024.

HPL - Haldia Petrochemicals Ltd. - PP, HDPE & LLDPE POLYMER PRICE UPDATE.

PP - Price No change 
HDPE - Price No change 
LLDPE -Price No change 

Price Effect Date From 1st October 2024.

SPL - Supreme Petrochem Ltd - GPPS & HIPS POLYMER PRICE INCREASED

GPPS 203EL - Up by Rs. 1/kg. 
HIPS H03 - Up by Rs. 1/Kg. 

Price Effect Date From 1st October 2024.

RIL - Reliance Industries Limited - HDPE, LLDPE & LDPE POLYMER PRICE UPDATE 

HDPE - Price No Change
LLDPE - Price No Change
LDPE - Price No Change Except EC & HD Down by Rs. 4/Kg,  IM & MP Down by Rs. 3/Kg.

Price Effect Date From 1st October 2024.

HDPE - HIGH DENSITY POLYETHYLENE
LDPE - LOW DENSITY POLYETHYLENE
LLDPE - LINEAR LOW DENSITY POLYETHYLENE

RIL - Reliance Industries Limited. PVC - Poly Vinyl Chloride Polymer Price Decreased

PVC - Price Down Rs. 2/Kg.

Price Effect Date From 1st October  2024.

Note: Company Has Withdraw Discount Scheme. 

RIL - Reliance Industries Limited - PP POLYMER PRICE UPDATE

PP - Rolled Over 

Price Effect Date From, 1 October 2024.

RIL - Reliance Industries Limited - PET POLYMER PRICE UPDATE

PET - Rolled Over 

Price Effect Date From, 1 October 2024.

Brent Crude Oil Open Lower 0.72% at 72.50 $/BBL

72.35 $/BBL - Current
71.98 $/BBL - Closed Yesterday
72.50 $/BBL - Open

WTI Open Lower  0.56% at 67.56 $/BBL

67.58 $/BBL - Current
67.18 $/BBL - Closed Yesterday
67.56 $/BBL - Open