News & Bulletin Updates

Bulletin Updates

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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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India’s Covid-19 outbreak which hit 1 million late last week is threatening to slow the recovery in some key downstream sectors in the Indian petrochemical market adding to the loss incurred.

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As of 20th July 2020, the price of Acetone, MEK and MIBK in the Delhi chemical market has dropped down due to the decreasing number of bookings.

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RIL announces a price drop for PTA  but prices for DEG and MEG picks up with effect from July 20th, 2020.

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Reliance has announced a price revision for DEG and MEG as of 20th July 2020.

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Our analysts have informed us that India is planning to stockpile crude in strategic  US petroleum reserves which can be used not only during emergencies but also for trade.

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As of 20th July 2020, GNFC has announced a price revision for Acetic Acid with Basic price decreasing by Rs 1.01/Kg.

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Mixed Xylene (MX) prices have declined in Korea and SE Asia owing to the soft demand trend in the region.

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According to our analyst the price of DOP In South-East Asia and Far-East Asia pics up on the back of improved buying sentiments in the region.

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Our analysts have reported that 2EH prices have declined in SE Asia and FE Asia due to sluggish demand trends in the region.

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As of 20th July, 2020, Methanol price picks up in Asia and NW Europe on the back of strong demand trends in the region.

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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