Major International producer has taken its Polyethylene terephthalate (PET) unit  off-stream for a maintenance turnaround.

NOVA Chemicals is reported to have announced an increase in its PE contract prices for the month of October 2020.

As of 24th September 2020, the dollar opened at Rs 73.82 which is  down  from the previous days close.

Major International producer plans to take its Linear low density polyethylene (LLDPE) unit off-stream.

Manali Petrochemicals Limited (MPL) a member of the AM International Group, today announced that it has finalised plans to triple its annual production capacity for Propylene Glycol (PG) from 22,000 MT to 70,000 MT in two phases at an investment of about Rs. 150 crore.

The company has scheduled maintenance turnaround at the units over the period of second half September to first half October 2020.

The company resumed operations at the unit in mid-September 2020.

The company halted operations at the plant on September 23, 2020 owing to technical issues.

Asia witnessed a sharp decline of PTA prices on 24th September 2020 as informed by our analysts.

As of 24th September 2020, Phenol prices have declined in Asia owing to soft demand trends in the region.

The company has planned to halt operations at the plant by mid-October, 2020.

As of 24th September 2020, PX prices have drifted down in Korea, SE Asia and Rotterdam  owing to the soft demand trends in the region.

The company resumed operations at the unit on September 22, 2020.

Last week, despite high upstream costs, benzene prices dropped down in the International market.

The company has scheduled a turnaround at the unit by mid-October, 2020.

As of 24th September JNPT has announced a price revision for Acetic Acid.

As of 24th September Kandla has announced a price revision for Octanol.

As of 23rd September Vizag has announced a price revision for Benzene.

As of 24th September Dahej has announced a price revision for C10 Solvent.

As on 24th September Hazira has announced a price revision for EDC.

As of 24th September Aegis has announced a price revision for MEG.

As of 24th September Kandla has announced a price revision for Methanol.

As of 23rd September GACL has announced a price revision for MDC.

As of 23th September 2020, the dollar opened at Rs 73.58 which is flat  from the previous days close.

As on 23rd September PTA price remained unchanged in Asia, despite weaker upstream PX rates.