Market Update: The zero Basic Customs Duty (BCD) exemption on 40 notified polymers and petrochemicals has expired. Effective 16 July 2026, the applicable BCD rates have been reinstated on covered imports. Key Products: PP, PE (HDPE/LDPE/LLDPE), PVC, PS, PET, ABS, PC, Epoxy Resins, Polyurethanes, MEG, PTA, Styrene, Methanol, and more. Impact: • BCD restored to 7.5% on commodity polymers. • Landed import costs are expected to increase. • Imports from FTA partner countries may gain a relative cost advantage. Effective Date: 16 July 2026
15 Jul 2026
Price Update: Reliance Industries Limited (RIL) has announced its Polypropylene (PP) Polymer Price Update. PP: No Price Change Effective Date: 16 July 2026
15 Jul 2026
Price Update: Reliance Industries Limited (RIL) has announced its Polyvinyl Chloride (PVC) Polymer Price Update.
PVC: No Price Change
Effective Date: 16 July 2026
15 Jul 2026
South Asia
PP
Film : Up by $ 5 at $ 1110
Inj. & RAF: Up by $ 10 at $ 1100
PPCP : Stable at $ 1140
PE
HM : Up by $ 10 at $ 1180
HDPE Inj : Up by $ 10 at $ 1160
HDPE Blow : Up by $ 10 at $ 1180
LLDPE : Up by $ 10 at $ 1150
15 Jul 2026
Naphtha:
C & F Japan: $ 830 (+75)
Propylene :
USA : (Cents/lb)
FD GC: 45.65 (Up)
Europe ( €/Mt ):
CIF NWE: 855 (+5)
FD NWE: 850 (+5)
Asia (US$/Mt):
CFR China: 975 (+25)
FOB Korea: 935 (+35)
Ethylene :
USA : ( Cents/lb)
FD GC : 24.41 (Up)
Europe (€/Mt) :
FD NWE: 745 (+5)
CIF NWE: 765 (+10)
Asia (US$/Mt) :
CFR NEA: 905 (+25)
CFR SEA: 875 (+15)
Styrene
USA (Cents/llb) :
FD GC: 55.00 (N/C)
Europe ($/Mt) :
FOB Rotterdam: 1295
Asia (US$/Mt) :
CFR China: 1050 (+5)
FOB Korea: 1035 (+5)
(CFR China)
PTA: $ 905 (+40)
MEG: $ 600 (+20)
PP Futures:
Opened Lower at 8090 RMB/MT (Closed at 8062 RMB/MT)
LLDPE Futures:
Opened Lower at 7758 RMB/MT (Closed at 7714 RMB/MT)
PVC Futures:
Opened Higher at 4583 RMB/MT (Closed at 4579 RMB/MT)
Dollar Price: Previous Close - ₹96.2 | Open Today - ₹96.17
15 Jul 2026
Brent: Previous Close - $84.73 | Open Today -$85.44
WTI: Previous Close - $79.34 | Open Today - $79.8
15 Jul 2026
Naphtha:
C & F Japan: $ 755 (+25)
Propylene :
USA : (Cents/lb)
FD GC: 43.05 (Up)
Europe ( €/Mt ):
CIF NWE: 850 (-35)
FD NWE: 845 (-30)
Asia (US$/Mt):
CFR China: 950 (N/C)
FOB Korea: 900 (N/C)
Ethylene :
USA : ( Cents/lb)
FD GC : 23.60 (Up)
Europe (€/Mt) :
FD NWE: 740 (+5)
CIF NWE: 755 (+10)
Asia (US$/Mt) :
CFR NEA: 880 (+40)
CFR SEA: 860 (+40)
Styrene
USA (Cents/llb) :
FD GC: 55.00 (N/C)
Europe ($/Mt) :
FOB Rotterdam: 1295
Asia (US$/Mt) :
CFR China: 1045 (+30)
FOB Korea: 1030 (+30)
(CFR China)
PTA: $ 865 (+10)
MEG: $ 580 (+20)
PP Futures:
Opened Lower at 7680 RMB/MT (Closed at 7670 RMB/MT)
LLDPE Futures:
Opened Lower at 7307 RMB/MT (Closed at 7294 RMB/MT)
PVC Futures:
Opened Higher at 4488 RMB/MT (Closed at 4488 RMB/MT)
Dollar Price: Previous Close - ₹95.62 | Open Today - ₹95.90
14 Jul 2026
Brent: Previous Close - $83.3 | Open Today -$83.23
WTI: Previous Close - $78.14 | Open Today - $77.92
14 Jul 2026
Naphtha:
C & F Japan: $ 730 (-5)
Propylene :
USA : (Cents/lb)
FD GC: 41.15 (Up)
Europe ( €/Mt ):
CIF NWE: 885 (+90)
FD NWE: 875 (-35)
Asia (US$/Mt):
CFR China: 950 (N/C)
FOB Korea: 900 (N/C)
Ethylene :
USA : ( Cents/lb)
FD GC : 23.10 (N/C)
Europe (€/Mt) :
FD NWE: 735 (+5)
CIF NWE: 745 (-20)
Asia (US$/Mt) :
CFR NEA: 840 (+20)
CFR SEA: 820 (+10)
Styrene
USA (Cents/llb) :
FD GC: 55.00 (N/C)
Europe ($/Mt) :
FOB Rotterdam: 1295
Asia (US$/Mt) :
CFR China: 1015 (N/C)
FOB Korea: 1005 (-5)
(CFR China)
PTA: $ 855 (-10)
MEG: $ 560 (+10)
PP Futures:
Opened Lower at 7600 RMB/MT (Closed at 7585 RMB/MT)
LLDPE Futures:
Opened Lower at 7171 RMB/MT (Closed at 7196 RMB/MT)
PVC Futures:
Opened Higher at 4545 RMB/MT (Closed at 4534 RMB/MT)
Dollar Price: Previous Close - ₹95.32 | Open Today - ₹95.33
13 Jul 2026
