News & Bulletin Updates

As of 1st August 2020, Toluene prices were seen dropping in India and the US Gulf.

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Asian imports and demand for IPA has been picking up during the pandemic since its use in the production of hand sanitizers which was previously a niche market.

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As of 1st August 2020, IOCL has announced a price revision for PP and PE grades as informed by our analysts.

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The Indian Rupee on Saturday opened 0.12 paise up against USD.

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As per our analysts a major International producer has undertaken an unplanned shutdown at the cracker on July 31, 2020.

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A major International producer has brought on-stream its polyvinyl chloride (PVC) plant following a maintenance turnaround.

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SPL has announced a revision in its PS prices as of 1st August 2020.

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As of 1st August 2020, RIL has announced a price change for HDPE,PP,LLDPE,LDPE, PET and PVC as informed by our analysts.

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South-East Asia and Far-East Asia witnessed a marginal price hike of Acrylonitrile as informed by our analysts. on account of active demand trends in the region.

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As of 31st July 2020, the price of EDC and VCM remains unchanged from the previous close as informed by our analysts.

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A Mumbai market trader has confirmed as of 31st July 2020 that the price of MIBK has increased in the Indian market.

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As of 31st July, 2020, the price of Acetonitrile dropped down in the Mumbai market due to fluctuating demand and shortage of material.

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The Asian market has seen more demand for lighter naphtha grades, but not enough to significantly support arbitrage flow from Europe as of 31st July 2020.

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RIL's overall exports declined 34.8% to 32,681 crore compared to the corresponding period of the previous year as per reports.

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Mitsubishi Chemical Corp. recently decided to acquire two German carbon-fiber recycling companies, CFK Valley Stade Recycling GmbH & Co. KG (CFK) and carboNXT GmbH (carboNXT) as part of the company’s efforts to promote the circular economy.

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Major International chemical producer has restarted its Methanol plant following a turnaround due to maintenance.

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As per our analysts, a major Chinese producers has shut its PX unit following a turnaround due to maintenance.

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As of 31st July 2020, SM prices were seen dropping in Japan and South Korea .

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Our analysts have informed us that Ethylene prices have remained stable for Asia as of 31st July 2020.

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Lifting Discount schemes will be announced for PP post 1st August 2020 taking into account the weakening buying sentiments for the Indian market.

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Our analysts afterlooking at the ongoing  crisis of the pandemic, current open bazaar scenario,

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Our analysts have reported that if this pandemic becomes the new normal, demands for petrochem and chemicals may decrease in the long term scenario for the EU market.

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As of 30 July 2020, Crude oil prices went up for Indian Basket, North-West Europe and the US Gulf on Thursday.

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Naphtha prices drop in Japan while moving up in Europe owing to uneven demand in the markets.

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As of 30th July, 2020, OX prices have drifted down in some parts of the Indian markets including kandla port.

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