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.

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.

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

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.

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.

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.

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.

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

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

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.

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

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

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.

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

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

IOCL’s 300,00 barrels per day Paradip refinery to be shut for maintenance work for 22 days

Naphtha prices have registered a downward movement in Japan while moving up in Europe owing to fluctuation in the markets.

Butadiene (BD) prices have been reported to be steady in South Korea, China, South East Asia, Rotterdam, and US Gulf.

Ethylene prices have moved down in the US Gulf while remaining unchanged in Asia and Europe.

Our Analysts have informed us that Vizag has announced an upward price revision for Benzene and Toluene with effect from July 18th, 2020.

Price revision which had been announced on 16th July 2020 saw prices of LLDPE and PP along with HDPE had gone up.

As of 18th July 2020, CIF NS-Mumbai has announced new offer prices for HDPE grades Raffia, Blow Moulding, HM Film and Injection Moulding.

As per our analysts, a major Indian producer stops production at its Terephthalic Acid plant plant.

As of 18th July 2020, Reliance has announced a price revivision for DEG and MEG.

North-western Europe witnessed a sharp decline of Phenol prices as informed by our analysts on 18th July 2020.

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

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

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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