Today’s Polymer Price Updates & Quick News

HMEL Announced PE Incentive Scheme

HMEL announced an incentive scheme for HDPE & LLDPE, and it is based on the average lifting during non-zero months from April 2025 to December 2025

X1: ≥ 90% 
X2: ≥ 100% 

Note: The incentive amounts of X1 & X2 will be announced in the first week of next month.

RIL Announced PP Incentive Scheme

RIL - Reliance Industries Limited has announced the Domestic PP Incentive Scheme for January 2026

X: >8% On Lifting APR Quantity
Y: >10% On Lifting APR Quantity

HMEL Announced PP Incentive Scheme

HMEL Announced Incentive Scheme for PP for the month of January 2026

R1: 90% of the monthly MOU
R2: 110% of the monthly MOU

Global PE Polymer Offers

South Asia

PE
HD IM: Up by $ 5 at $ 835
HD Blow: Up by $ 5 at $ 835
HM Film: Up by $ 5 at $ 840
HD Pipe: Up by $ 5 at $ 880
LLDPE: Up by $ 5 at $ 835

South East Asia 

PE
HD IM: Stable at $ 825
HD Blow: Stable at $ 830
HM Film: Stable at $ 830
HD YARN: Stable at $ 840
LLDPE: Stable at $ 805

Global PP Polymer Offers

South Asia

PP
Raffia & Injection: Up by $ 10 at $ 820
Film: Up by $ 10 at $ 840
PPCP: Up by $ 10 at $ 850

South East Asia

PP
Raffia & Injection: Up by $5 at $ 805
Film: Up by $5 at $ 835
PPCP: Up by $ 5 at $ 835
BOPP: Up by $ 5 at 815

Feedstock Offers Update

Naphtha
C & F Japan: $560 (N/C)

Propylene
USA : (Cents/lb)
FD GC: 28.00 (Up)

Europe ( €/Mt ):
CIF NWE: 705 (+5)
FD NWE: 685 (N/C)

Asia (US$/Mt) :
CFR China: 805 (+15)
FOB Korea: 740 (N/C)

Ethylene
USA ( Cents/lb) :
FD GC: 18.35 (Down)

Europe  (€/Mt) :
FD NWE: 665 (+15)
CIF NWE: 770 (+15)

Asia (US$/Mt) : 
CFR NEA: 745 (N/C)
CFR SEA: 725 (N/C)

Styrene
USA  (Cents/llb) :
FD GC: 39.65 (N/C)

Europe ($/Mt) :
FOB Rotterdam: 965

Asia (US$/Mt) :
CFR China: 905 (+5)
FOB Korea: 895 (+5)

(CFR China)
PTA: 680 (-10)
MEG: 460 (-5)

China Bazaar Futures Opening Alert

PP Futures :  
Opened Lower at 6580 RMB/MT (Closed at 6592 RMB/MT)

LLDPE Futures :
Opened Lower at 6760 RMB/MT (Closed at 6785 RMB/MT)

PVC Futures :
Opened Lower at 4856 RMB/MT (Closed at 4868 RMB/MT)

DOLLAR PRICE - ₹90.53

JINDAL - BOPET FILM PRICE INCREASED

Jindal Poly Film Limited - BOPET Film Price Increased

BOPET: Up Rs.3/Kg

Price Effect Date From 16 January 2026

CRUDE OIL PRICE - BRENT - $63.64 & WTI - $59.08

RIL - PVC POLYMER PRICE INCREASED

RIL - Reliance Industries Limited - PVC POLYMER PRICE INCREASED

PVC: Up Rs. 2/Kg

Price Effect Date From 15 January 2026

RIL - PP POLYMER PRICE INCREASED

RIL - Reliance Industries Limited - PP POLYMER PRICE INCREASED

PP Deemed Export: Up Rs. 1.5/Kg

Price Effect Date From 16 January 2026

Feedstock Offers Update

Naphtha
C & F Japan: $530 (N/C)

Propylene
USA : (Cents/lb)
FD GC: 25.90 (N/C)

Europe ( €/Mt ):
CIF NWE: 705 (N/C)
FD NWE: 700 (N/C)

Asia (US$/Mt) :
CFR China: 745 (N/C)
FOB Korea: 710 (N/C)

Ethylene
USA ( Cents/lb) :
FD GC: 18.25 (Up)

Europe  (€/Mt) :
FD NWE: 645 (+15)
CIF NWE: 750 (+20)

Asia (US$/Mt) : 
CFR NEA: 745 (N/C)
CFR SEA: 725 (N/C)

Styrene
USA  (Cents/llb) :
FD GC: 39.65 (N/C)

Europe ($/Mt) :
FOB Rotterdam: 955

Asia (US$/Mt) :
CFR China: 860 (N/C)
FOB Korea: 850 (N/C)

(CFR China)
PTA: 690 (+5)
MEG: 465 (+5)

China Bazaar Futures Opening Alert

PP Futures :  
Opened Lower at 6542 RMB/MT (Closed at 6560 RMB/MT)

LLDPE Futures :
Opened Lower at 6722 RMB/MT (Closed at 6737 RMB/MT)

PVC Futures :
Opened Stable at 4940 RMB/MT (Closed at 4940 RMB/MT)

DOLLAR PRICE - ₹90.17