Indian Oil Corp announces downward price revision

With effect from 11 December 2014, the following polymer price revisions have been announced by Indian Oil Corp HDPE- Decrease of Rs 5000/MT LDPE BM: Decrease of Rs 4000/MT LLDPE: Decrease of Rs 3000/MT PP Homopolymer: Decrease of Rs 4000/MT PP Copolymer: Decrease of Rs 5000/MT New price protection in PE,PP,LBM with effect from 11 Dec till 1 Jan 15 or next price revision whichever is earliest MBM decrease additional by Rs 1500/MT, PE 80/PE 100 by Rs 500/MT and 1030MG increased by Rs 500/MT