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Supreme Petrochem Ltd. reduces GPPS prices by INR 2,000/MT and HIPS by INR 5,000/MT w.e.f. 12 June, 2021. Now 203EL is INR 122/kg basic. & SH03 is INR 147/kg basic 12-06-21. RIL HDPE prices reduced by INR 2000/MT across all sectors except for HD Pipe and HM pipe which is rolled over. LLDPE prices rolled over.

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The global production of PP was around 73.7 million tons in 2016. China produced 20.2 million tons with a share of 27% in the total global production. New capacities have been added in China. Since 2008 to 2016, China has increased its global market share of producing PP by 11%.

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