Vijayneha
Flexible packaging produced for leading brand owners by Vijayneha Polymers. Photo: Vijayneha

At a time when polymer prices have already risen by 40 to 100% in the past nine months, they have been raised again by the larger Indian suppliers from 1 April 2021. Reliance Industries raised the price of high-density polyethylene (HDPE) by Rs 3,000 a ton, the price of linear low-density polyethylene (LLDPE) rates by Rs 2,000 a ton, and of low-density polyethylene (LDPE) by Rs. 7,000 on the first day of the new financial year. Reliance also increased the price of extrusion coating grade LDPE by Rs. 9,000 a ton. ONGC Petro Additions raised its HDPE polymer price by Rs. 4,000 a ton and LLDPE by Rs 2,000 a ton – also from 1 April 2021. The other significant Indian polymer suppliers include other public sector companies Indian Oil Corporation, Mangalore Refineries and Petrochemicals, Haldia Petrochemicals, and Gas Authority of India. The polymer price hikes have been less frequent in the last couple of months than in the previous year. There have also been occasional price reductions linked to the fluctuation of crude oil…

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