GUJARAT STATE FERTILIZER & CHEMICALS LIMITED RAISES ACETIC ACID PRICES that local Acetic Acid

The company halted operations at the unit in end-August, 2020.

As of 19th September 2020, on account of bullish ethylene feedstock rates and stronger regional demand trends.

Bullish ethylene feedstock values and higher import offers from the overseas producers, together pushed prices sharply higher in Asia.

Stronger import offers from overseas suppliers and higher ethylene feedstock values supported the price rise.

In Far East Asia, PP prices declined, on the back of bearish upstream energy and weaker PP futures on the Dalian Commodity Exchange in China.

The company resumed operations at the unit in end-August, 2020.

The company resumed operations at the plant on September 18, 2020.

NW Europe witnessed a sharp decline of Acetone and Phenol prices on 19th September 2020 as informed by our analysts.

As of 19th September 2020, Benzene prices have picked up in the International Market.

The company is likely to resume operations at the unit by this weekend.

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

Toluene price rise in the International market was attributed to strong demand trends in the region also coupled with high saturation in the market.

The company resumed operations at the plant on September 17, 2020.

The company is likely to halt operations at the unit for maintenance on October 10, 2020.

As per our analysts JNPT has announced a price revision for Acetic Acid as of 19th September 2020.

As per our analysts Aegis has announced a price revision for Methanol as of 19th September 2020.

As per our analysts price revision for BAM as of 19th September 2020 in Kandla.

RIL, IOCL and Haldia Petrochemicals Limited announces price revision for PE, PP, and PVC.

Reports of continued tight product availability and bullish upstream crude and naphtha values supported the sharp price gain across the Asian regions.

Reports of persistent constrained product availability, coupled with bullish upstream crude and naphtha values, has led Ethylene sellers to raise their prices across the Asian regions.

Major International producer has shut its polypropylene (PP) unit for unplanned maintenance.

As of 18th September 2020, Dollar opened at Rs 73.47 which is up from the previous close.

Prices climbed higher, mainly on account of bullish Ethylene feedstock rates and stronger PVC demand and pricing trends.

Kandla has announced a price revision for C9 Solvent as of 18th September 2020.

8At least 8 vessels are on wait at Kandla with their chemical cargoes

We cover the entire matrix of chemical vessels sailing to India for unloading
8Our analysis shows that an ethane vessel is coming in for RIL at Dahej
8RIL is also importing orthoxylene, paraxylene, methanol and CBFS in large quantities

RIL has a giant crude to chemical game plan
It is extremely ambitious in its scale

Production margins were hovering at multi-year lows in early July as oversupply continues to pressure the polyester chain.

The prices of almost all the petrochemical products discussed under pressure had declined in the broad range of 0.3%-29% y-o-y in FY20.

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