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Market Buzz: RIL Rumored to Hike Domestic Polymer Prices

Market Buzz: RIL Rumored to Hike Domestic Polymer Prices

Reliance Industries Limited is rumored to increase domestic polymer prices across major grades, with expected hikes ranging from ₹2 to over ₹5 per kilogram. Official confirmation is awaited.
UK-India FTA takes effect but PET, R-PET duties remain in place

UK-India FTA takes effect but PET, R-PET duties remain in place

The UK-India FTA is active, but duties on PET and R-PET persist. PET duties will remain at 0-13.8% for another five years, impacting trade despite the new agreement.
PetroChina's Dushanzi Petrochemical starts up 1.2 million mt/y ethylene project

PetroChina's Dushanzi Petrochemical starts up 1.2 million mt/y ethylene project

PetroChina's Dushanzi Petrochemical has launched a new 1.2 million mt/y ethylene project, boosting West China's total ethylene capacity to 3 million mt/y. This significant expansion marks a major development in the region's petrochemical industry.
Versalis shuts PE plant at Brindisi, Italy

Versalis shuts PE plant at Brindisi, Italy

Versalis shut its Brindisi PE plant (249,000 mt/y LLDPE, 279,000 mt/y HDPE) on July 21, following cracker closures. This aligns with decarbonization and market pressures, while a new battery production site is being built in the area.
Odisha races ahead as India's new chemical and petrochemical investment hotspot

Odisha races ahead as India's new chemical and petrochemical investment hotspot

Odisha has attracted nearly Rs 2 lakh crore in chemical and petrochemical investments over two years, becoming India's new hotspot. Policy support, infrastructure, and a sustainability focus drive its transformation into a major manufacturing hub.
Not possible to allocate RFCL urea exclusively to Telangana: Centre

Not possible to allocate RFCL urea exclusively to Telangana: Centre

The Centre stated it cannot exclusively allocate RFCL urea to Telangana, citing national pooling for equitable distribution and uninterrupted availability across all states. This prevents supply disruptions from plant shutdowns or demand fluctuations.
Feedstock Offers Update

Feedstock Offers Update

Feedstock prices updated for Naphtha ($855, +15), Propylene (Up), Ethylene (Up), Styrene (Up) across global markets. PTA ($890, -15) and MEG ($630, -10) saw declines. Prices reflect changes as of July 22, 2026.
Walplast expands premium paints range with new emulsion

Walplast expands premium paints range with new emulsion

Walplast expanded its HomeSure paints with Mastertouch Vivid Shine 2-in-1 Emulsion. This premium interior/exterior paint offers a 3-year warranty, 130-150 sq ft/litre (interior) coverage, and comes in 1-20 litre packs, strengthening their portfolio.
India: Crude coal tar auction volumes rise 16% m-o-m in Jun'26

India: Crude coal tar auction volumes rise 16% m-o-m in Jun'26

India's crude coal tar auction volumes rose 16% m-o-m to 39,092 t in June 2026. Prices surged INR 5,800/t to INR 59,000/t due to strong demand and improved margins. Imports also surged to 13,232 t. The market remains firm.
India's chemical industry accelerates towards a trillion-dollar future

India's chemical industry accelerates towards a trillion-dollar future

India's chemical industry, currently valued at US$220-250 billion, is projected to reach US$1 trillion by 2040. Driven by robust domestic demand, policy support, and significant new investments, the sector is poised for substantial growth.

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