News & Bulletin Updates

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PTA prices climbed marginally in the international market as of 23rd July 2020 registering an increase of $5/MT from the previous close.

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China and South-East Asia witnessed a sharp decline of Acetone and Phenol prices as informed by our analysts on 23rd July 2020.

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RIL as of 23rd July has announced discount schemes ‘X’ and ‘Y’ for MOU customers for PP which will be announced every month.

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As of 23rd July 2020, RIL has increased the prices for HDPE BM grade whereas all other other grades have been rolled over as informed by our analysts.

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With polymer markets sluggish, demand scenario weak and a continuous downward adjustment in the crude international prices.

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Propylene prices have increased in South Korea, China and Europe on Wednesday due to increasing demand in the countries.

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Naphtha price picks up in Japan while in Europe the prices declined owing to sluggish demand trends in the region.

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As per our analysts, the price of Ipa in Chennai has come down because of reducing demand.

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As of 22nd July, 2020, the price of Acetonitrile decreased in the Mumbai market due to fluctuating demand and shortage of material.

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As of 22nd July, 2020, Acetic Acid Prices have increased  in Mumbai and Kandla Port as per our sources.

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As per our analysts, Ethylene prices remain unchanged for CFR North East Asia, FD North West Europe and CIF North West Europe as of 22nd July 2020.

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As of 22st July 2020, Crude oil prices went up for Indian Basket, Opec, North-West Europe and the US Gulf on Wednesday.

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As of 22st July 2020, Crude oil prices went up for Indian Basket, Opec, North-West Europe and the US Gulf on Wednesday.

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As of 22nd 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.

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Monoethylene Glycol prices climb marginally in the Asian market as informed by our analysts.

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Our analysts have informed us that the prices of PP, PE and PVC are expected to remain unchanged for the coming week.

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Propylene prices remain unchanged in the international market on Tuesday.

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Pet prices remain unaffected in the international market on Tuesday.

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The Indian Rupee on Tuesday closed 17 paise up against USD.

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Recent studies have found that chemical recycling (pyrolysis) of mixed plastic waste emits 50% less CO2 than incineration of the same waste.

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Our analysts have informed us that the chemical prices in the Ahmedabad market have gone down on the back of diminishing imports and supply shortages.

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Our analysts have reported that Mixed Xylene (MX) prices have declined in the US Gulf and Rotterdam owing to the soft demand trends in the region.

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Domestic chemical market prices were seen to be fluctuating in Kandla port.

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As of 21st July 2020, NPAC prices pick up in the Kandla port.This price rise is mainly due to high demand along with abundant supply.

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As of 21st July 2020, future trading prices for the Chinese market were reported to pick up for PP but prices drift down for LLDPE and PVC from yesterday's close.

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

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

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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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Jun 02, 2020: Tested title