OPaL Announces Upward Revision of Polypropylene and Polyethylene Prices in India
ONGC Petro additions Limited (OPaL) has announced an upward revision in the prices of Polypropylene (PP) and Polyethylene (PE) in the domestic markets of India. This change, effective from August 17, 2026, affects several polymer grades including PP, HDPE, and LLDPE.
The price adjustment comes amid a backdrop of easing prices and tight supply in India's polymer markets. Recent trends have shown a gradual decrease in prices after a period of steep increases, with PP and PE prices previously experiencing significant surges. However, the market remains constrained by tight supply conditions and logistical challenges.
Despite the recent easing of prices, the upward revision by OPaL indicates ongoing volatility in the market. The adjustments are likely a response to the complex dynamics of supply and demand, as well as the challenges faced by converters in passing on cost increases to end users.
Related on the Wire
- Polymer·Wednesday, 7 October 2026
Indian PP and PE Markets Remain Rangebound as October Hikes Meet Buyer Resistance
India’s polypropylene (PP) and polyethylene (PE) markets are entering October in a state of balance, with neither sellers nor buyers able to gain a clear advantage. Seven months after Middle East shipping disruptions triggered widespread supply concerns, the earlier panic buyi…
Read story - Polymer·Monday, 5 October 2026
Nigeria’s PP, PE Prices Climb as Saudi Supplier Returns with Sharp October Hikes
Nigeria’s PP and PE markets have turned firmer after a major Saudi Arabian supplier returned with significantly higher October offers, raising prices across its portfolio by up to $100/ton. According to the ChemOrbis Price Index, the latest increases pushed market prices to th…
Read story - Polymer·Monday, 5 October 2026
Vietnam’s PP, PE Rally Slows as High Prices Trigger Buyer Caution
Vietnam’s polypropylene (PP) and polyethylene (PE) markets started October at firm levels, with both import and domestic prices reaching multi-month highs following a sustained rally that began in early July. However, the pace of the increases has weakened noticeably compared …
Read story - Polymer·Friday, 25 September 2026
SNAPSHOT: Mumbai Polymer Market Overview as of September 24, 2026
The Mumbai polymer market as of September 24, 2026, presented a snapshot of domestic offers for key polymers such as polypropylene (PP), high-density polyethylene (HDPE), low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), and polyvinyl chloride (PVC). Th…
Read story