As of 17th July 2020, price revisions have been announced for energy products Naphtha, Butadiene, and Crude Oil for the international market.

As of 16th July 2020,Crude oil prices went up for Indian Basket, Opec, North-West Europe and the US Gulf on Thursday.

Naphtha prices were registered to move upwards in Japan on account of active demand trends but in Europe it went down by $2/MT from the previous days close.

On Thursday, PVC price moved marginally up in South-East Asia, Far-East Asia, India South Korea and Thailand on account of active demand trends in the respective regions.

As of 16th July 2020, HOCL has announced a basic price change for Acetone registering a decrease of Rs 2/kg from the previous days close.

As of 16th July 2020, Reliance has announced a basic price change for Mix Xylene registering an increase of Rs 1.50/kg from the previous days close.

A government led campaign to reduce the heavy reliance on Chinese imports of petrochemicals has led India to actively seek for other alternatives to it.

As of 16th July 2020, future trading prices for the Chinese market were reported to be higher for LLDPE, PVC but prices were stable for PP from yesterday's close.

Post COVID-19 Middle East to become the key supplier of petrochemicals and polyolefins specifically for the Asian market as reported by our analysts.

MEGlobal has rolled over its Asian Contract Price (ACP) for monoethylene glycol (MEG) to be shipped in August 2020.

July list and off-list selling prices for Vinyl Acetate Monomer (VAM) has been increased by Celanese in China.

Our analysts have informed us that on July 15th, 2020 a major chinese producer restarted its solvent plant following maintenance.

Our analysts have informed us that on July 15th, 2020 a major chinese producer restarted its No. 1 Methanol-to-olefins (MTO) plant following maintenance.

Para Xylene (PX) prices climb marginally in the Asia market as of 16th July 2020.

Styrene Monomer (SM) prices have recorded a marginal increase in South-Korea as mentioned by our analysts.

As of 16th July 2020, Benzene prices pick up internationally due to high upstream energy values and improved buying sentiments in the region as informed by our analysts.

As of 16th July 2020, IOC Polymer has revised the prices for PP  HDPE and LLDPE as informed by our analysts.

As of 16th July 2020, HPL has increased the prices for PP HDPE LLDPE and LDPE as informed by our analysts.

As of 16th July 2020, RIL has increased the prices for PP, HDPE, LLDPE, and LDPE as informed by our analysts.

A domestic industry source informed us about domestic price revisions of PVC announced by Reliance Industries Limited (RIL).

A domestic industry source informed us about domestic price revisions of PE announced by GAIL.

As of 15th July 2020, IPA prices pick up in the Kandla port since IPA is used to make sanitizers  which has become a necessity during the pandemic.

As of 15th July 2020, a major producer of butyl acetate has shut its plant following an unplanned shutdown.

Taking the current market scenario into account, our analysts have predicted the prices for PP, LLDPE, LDPE and PVC for the 3rd week of July 2020.

Our analysts have informed us that due to the high cost of raw materials, a major chinese producer has shelved its new PDH unit.