News & Bulletin Updates

On February 26, 2021, Petrochem sources confirmed that phosphoric acid prices have slipped in the Delhi market. 

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On February 26, 2021, DBP prices increased in the Mumbai market.

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Our Petrochem analysts have reported price change in HDPE and LLDPE in the Kanpur market as of February 26, 2021.

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After talking to various market executives, our analysts have reported buying trends of the Jaipur market as of February 26, 2021.

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Our Petrochem analysts have reported buying trends in the Ludhiana market as of February 26, 2021.

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SM prices have increased today indicating a shortage of supply with a growing demand in the Delhi market.

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Acetic acid prices have picked up in the Ahmedabad market on the back of strong regional demand trends.

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On February 26, 2021, phosphonic acid prices went down in the imported market.

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The international crude oil price of Indian Basket was quoted at around $65.7 per barrel on February 26, 2021.

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BAM prices have increased today indicating shortage of supply with the growing demand in Kandla port.

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Shortage of supply accompanied by a weaker demand has led to increase in MTO prices in the Delhi market.

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On February 26, 2021, methanol prices were assessed lower at Kandla port.

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A fluctuation in mix-xylene prices have been noticed in the polymer market of Delhi.

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A producer from Vietnam is heard to have offered PP in India.

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Phenol prices have increased in the Kandla port.

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PAN prices have picked up on the back of shortage of supply accompanied by a growing demand in the Mumbai market.

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Shortage of supply accompanied by a growing demand has led to an increase in toluene prices in the Kandla and Mumbai market.

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8Are toluene manufacturing margins going up?
8If so why?

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8The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), rose 1.0% in February on a three-month moving average (3MMA) basis following a 1.8% increase in January

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8A big US MEG manufacturer has declared a force majeure
8This has implications for the market

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8Gujarat Alkalies and Chemicals Ltd's Q3 profits were lower than that of the previous year
8Lockdown and aftermath has hit the caustic soda industry adversely
But things will look up from here on

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8A Production Linked Incentive (PLI) Scheme for Pharmaceuticals for the current year has been announced

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Some product prices are scaling new highs, particularly in China.
8The Asian Methyl Methacrylate (MMA) CFR China marker hit the highest on Feb.23, 2021
8Then again, China PTA futures hit a new one-year high.
8The market is going nowhere but up, it seems

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High chemical and petrochemical prices may have dented imports
8The volumes we are tracking now are lower than the usual levels

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86.29 million tonnes of crude imports coming up

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