News & Bulletin Updates

Bulletin Updates

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

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

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

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

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

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

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

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

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

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

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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