As of 6th July 2020 Friday, CFR South East Asia and CFR China prices were assessed to be steady compared to the previous days close as reported by our analysts.

According to our analysts, a major international manufacturer has taken off-stream its polystyrene plant following a turnaround.

Future trade opening prices for Chinese markets can be attributed as follows.

An International manufacturer from China halts operations at its Methanol-To-Olefins(MTO)  unit on July 1, 2020.

According to our analysts, a major international producer of MEK has brought its Methyl Ethyl Ketone (MEK) unit on stream.

A major international chemical producer has shut its PTA unit due to maintenance as reported by our analysts.

A major chinese chemical producer has restarted its PX unit which was closed due to maintenance as reported by our analysts.

Our analysts have informed us that a major producer is all set to shut its Group II base oil plant following a turnaround.

As of  6th July 2020, Methanol price rises in the international market on the back of strong demand trends in the region.

OX prices edged lower in Rotterdam on the back of falling crude rates.

As of 6th July 2020, Bis Phosphoric Acid prices have seen a gradual rise in the international market on the back of improved buying sentiments in the region.

PAN prices climbed marginally in South-East Asia and Far-East Asia as of 6th July 2020.

MX prices climbed in the Rotterdam region on the back of limited product availability and strong demands as reported by our analysts.

A big petrochemical expansion is taking place in India, involving two large sized polypropylene and polyethylene projects. The promoter has begun placing orders against its petrochemical expansion

Atmanirbhar Bharat is both a great opportunity and a challenge for the Indian chemical and petrochemical industry. This can be a good base on which fresh capacities can be built, but active and sustained government support will be needed for this. But there are many challenges too

As per our analysts, GCC has released its price list for its polymer products as of 4th July 2020.

A major chinese polymers producer has shut its PP unit due to maintenance as reported by our analysts.

As of 4th July 2020, feedstock closing prices have registered an increase on all products except a few grades of Ethylene, Propylene and Naphtha.

The PET markets in Asia were hit hard due to the ongoing pandemic with this week’s $5 billion sale announcement unable to break the dreadlock.

As of 5th July, 2020, Styrene monomer prices rose sharply in Korea, China, South-east Asia and China.

A major chinese VAM producer has shut its VAN unit due to technical difficulties as reported by our analysts.

Our analysts have informed us that a major producer is set to restart its Group 1 base oil plant following a turnaround.

According to our analysts, a major international producer of PX has taken its No. 1 Paraxylene (PX) unit off stream.

On Saturday, 4th July 2020,  PX prices edged lower in Asia.

North-western Europe witnessed a sharp decline of Phenol prices as informed by our analysts on 4th July 2020.

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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