News & Bulletin Updates

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Our analysts have informed us that Benzene as of 3rd July 2020 has recorded a price rise in India, South Korea, Japan, Rotterdam and US Gulf.

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Para Xylene (PX) prices climb marginally in the international market.

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As per our analysts, Styrene Monomer prices have been registered to move upwards in some parts of the  international markets.

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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 per our sources, Enterprise Products Partners L.P. has announced that it has executed a long-term agreement with Marubeni Corporation to supply polymer grade propylene (PGP) from its second propane dehydrogenation plant (PDH 2), which is currently under construction.

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Our analysts have assessed the price of PVC to be stable in the international market which is expected to reflect in the domestic market.

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Haldia Petrochemical Limited (HPL),a flagship company of The Chatterjee Group (TCG) along with global equity firm Rhone capital has acquired majority stake at US based Lummus Technology.

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As of 2nd July 2020, Acetone prices have increased in Chennai as per our source.

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The prices of both 2EH and NBA were increased by Andhra Petro.

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Our Analysts have informed us that Hindustan Organic Chemicals Limited (HOCL) has announced an upward price revision for Acetone with effect from July 02, 2020.

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As per our sources, many products are stuck at the Kandla Port because of the new tensions brewing between China and India.

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Shenhua Ningxia Coal Industry has undertaken a planned shutdown at its No.1 Polypropylene (PP) unit.

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Formosa Petrochemical Corporation (FPCC), is likely to undertake a planned maintenance shutdown at its No.3 cracker unit by mid-August 2020 as reported by our analyst.

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Our analysts have reported that despite higher upstream crude and naphtha values, ethylene prices were assessed to be flat in Asia on Wednesday.

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SK Global Chemical (SKGC)is likely to resume operations at the plant by early-July, 2020.

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Wednesday saw PP prices remaining stable in spite of strong upstream trends prevalent in the market.

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Formosa Petrochemical Corp (FPCC) is expected to start a turnaround at its Group II base oils unit by end-July 2020.

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Polychem is likely to halt operations at its monoethylene glycol (MEG) unitfor catalyst change work in early-July, 2020.

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Formosa Chemical and Fibre Corp (FCFC) is likely to have a complete turnaround at its Styrene monomer (SM) unit by early-July, 2020.

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Para Xylene (PX) prices climbed marginally in the South - East Asian and South Korean markets.

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Acetone and Phenol prices on 2nd July 2020 were recorded to be high in China and SE Asia.

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Our analysts have informed us that Benzene as of 2nd July 2020 has recorded a price rise in India, South Korea and Japan.

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Ningbo Keyuan is likely to have a complete turnaround at its Styrene Monomer (SM) plant by early-July, 2020.

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As of 1st July 2020, RIL, GAIL,HPL, IOCL, OPal and BCPL have announced a rate revision as reported by our analysts.

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As predicted by our analysts, RIL has raised prices as under.

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Jun 02, 2020: Tested title